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Steel News June 18, 2019 02:30:10 PM

U.S. Raw Steel Output Soared 4%

Paul Ploumis
ScrapMonster Author
The U.S. domestic raw steel production in the week ended June 15, 2019 totaled 1.887 million net tons (NT) at a capability utilization rate of 81.1%.
U.S. Raw Steel Output Soared 4%

SEATTLE (Scrap Monster): The U.S. weekly raw steel output recorded notable surge during the week ended on June 15, 2019, upon comparison with the same week a year before. This is in accordance with the latest weekly production statistics published by the American Iron and Steel Institute (AISI). Also, the production for the week was marginally higher when compared with the prior week.

The U.S. domestic raw steel production in the week ended June 15, 2019 totaled 1.887 million net tons (NT) at a capability utilization rate of 81.1%. It must be noted that the production had totaled only 1.815 million NT at a much lower capacity utilization rate of 77.4% during the same week a year before. Also, the production during the week ended marginally higher by 0.4% when compared with the prior week production, which totaled 1.875 million NT.

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The adjusted year-to-date raw steel production by the country totaled 44.997 million NT through the week ended June 15, 2019. The mill capability utilization rate averaged at 81.5% during the year-to-date period in 2019. The production during this period surged higher by 5.9% over the previous year. The capability utilization rate too recorded notable jump. As per AISI data, the production had totaled only 42472 million NT at a capability utilization rate of 76.7% during the corresponding year-to-date period last year.

The primary steel producer was the Great Lakes region, which accounted for approximately 38% of the country’s total weekly raw steel production. The region produced 710,000 NT of crude steel. The production by the other regions in thousands of net tons is as follows: North East-215, Midwest-199, Southern-694 and Western-69.