UPDATE: U.S. Raw Steel Production Soared 5%

SEATTLE (Scrap Monster): The U.S. weekly raw steel output reported significant surge during the week ended on May 18, 2019 over the previous week. This is in accordance with the latest weekly production statistics published by the American Iron and Steel Institute (AISI). Meantime, the production for the week was marginally lower when compared with the previous week.

The U.S. domestic raw steel production in the week ended May 18, 2019 totaled 1.900 million net tons (NT) at a higher capability utilization rate of 81.6%. It must be noted that the production had totaled only 1.808 million NT at a much lower capacity utilization rate of 77.1% during the same week a year before. Meantime, the production during the week edged lower by 1.4% when compared with the prior week production of 1.927 million NT.

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The adjusted year-to-date raw steel production by the country totaled 37.525 million NT through the week ended May 18, 2019. The production during this period surged higher by 6.5% over the previous year. The capability utilization rate too recorded notable jump to 81.8%. As per AISI data, the production had totaled only 35.225 million NT at a capability utilization rate of 76.6% during the corresponding year-to-date period in 2018.

The major producer was the Great Lakes region, which accounted for almost 39% of the country’s total weekly raw steel production. The region produced 738,000 NT of crude steel. The production by the other regions in thousands of net tons is as follows: North East-197, Midwest-201, Southern-698 and Western-66.