U.S. Raw Steel Output Recorded Modest Decline

SEATTLE (Scrap Monster): The U.S. weekly raw steel output recorded modest decline by 5.1% during the week ending on June 25, 2022, when matched with the comparable week in 2021. This is in accordance with the latest weekly domestic production statistics released by the American Iron and Steel Institute (AISI).

The U.S. weekly domestic raw steel output totalled 1.750 million net tons (NT). The domestic mill capability utilization rate was 80.2%. It must be noted that the production had totalled 1.844 million NT at a higher capacity utilization rate of 83.0% during the corresponding week a year before. Also, the weekly crude steel production recorded marginal decline by 0.5% over the previous week. The production was 1.758 million NT during the week ended June 18, 2022.

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The leading producer was the Southern region, with an output of 745,000 net tons. The production by Great Lakes region stood at 583,000 net tons during the week. The production by other regions (in thousand net tons) is as follows: North East-149, Midwest-208 and Western-65.

The adjusted year-to-date production totalled 44.166 million net tons through June 25, 2022, at a capacity utilization rate of 80.7%. This is slightly lower by 2.0% upon comparison with the production of 45.050 million net tons and the capacity utilization rate of 79.4% in the corresponding year-to-date period a year before.