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Steel News November 12, 2019 04:30:02 PM

U.S. Raw Steel Production Slumped in the Year-to-Date Period

Paul Ploumis
ScrapMonster Author
The last week’s production totalled 729,000 net tons in the Southern region, accounting for just over 39% of the total U.S. weekly production.

U.S. Raw Steel Production Slumped in the Year-to-Date Period

SEATTLE (Scrap Monster): The most recent weekly production data published by the American Iron and Steel Institute (AISI) denotes marginal decline in U.S raw steel production.

The production totalled 1.862 million net tons during the week ended November 9, 2019. The capability utilization rate was 80.5%. This compares with the production of 1.903 million net tons at a higher capability utilization rate of 81.2% during the corresponding week a year before. Year-on-year, the weekly production recorded marginal decline by 2.2%. When matched with the prior week production of 1.888 million net tons, the weekly output slumped by 1.4%. It must be noted that the mill capability utilization rate was 81.6% in the week ended November 2, 2019.

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The year-to-date production through November 9, 2019 was 83.461 million net tons at a capability utilization rate of 80.3%. Over the year, the production climbed higher by 2.4% from 81.484 million net tons in the year-to-date period until November 9, 2018. The year-to-date capability utilization rate too edged higher from 78.1% in the previous year.

The last week’s production totalled 729,000 net tons in the Southern region, accounting for just over 39% of the total U.S. weekly production. Great Lakes region produced 670,000 net tons. The production by North East and Midwest regions totalled 209,000 net tons and 178,000 net tons respectively. The Western region accounted for 76,000 net tons of weekly raw steel production, AISI data said.

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