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Steel News February 06, 2019 09:30:43 AM

U.S. Raw Steel Output Surged 8.3%

Paul Ploumis
ScrapMonster Author
The major producer was the Southern region, which accounted for almost 38% of the total weekly raw steel production by the country.

U.S. Raw Steel Output Surged 8.3%

SEATTLE (Scrap Monster):  The weekly domestic raw steel output surged higher significantly over the previous year during the week ended February 2, 2019. This is in accordance with the most recent production data released by the American Iron and Steel Institute (AISI). However, the weekly output recorded marginal decline over the week before.

The weekly U.S. domestic raw steel production in the week ended February 2, 2019 totaled 1.889 million net tons (NT) at a capability utilization rate of 81.2%. It must be noted that the production had totaled only 1.744 million NT at a much lower capacity utilization rate of 74.8% during the same week a year before. Also, the production during the week edged lower by 1.7% when compared with the previous week production of 1.922 million NT.

The adjusted year-to-date raw steel production by the country totaled 8.954 million NT through the week ended February 2, 2019. The average mill capability utilization rate stood at 80.5% during this period. The production during this period surged higher by 10.3% over the previous year. The capability utilization rate too recorded notable jump. As per AISI data, the production had totaled only 8.115 million NT at a capability utilization rate of 73.80% during the corresponding year-to-date period in 2017.

The major producer was the Southern region, which accounted for almost 38% of the total weekly raw steel production by the country. The region produced 714,000 NT of crude steel. The production by the other regions in thousands of net tons is as follows: North East-225, Midwest-209, Great Lakes-667 and Western-74.

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