U.S. Raw Steel Production Surged 8%

SEATTLE (Scrap Monster): The U.S. weekly raw steel output reported notable surge during the week ending April 6, 2019 over the previous week. 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 stood marginally higher when compared with the prior week.

The U.S. domestic raw steel production in the week ending April 6, 2019 totaled 1.928 million net tons (NT) at a capability utilization rate of 82.8%. It must be noted that the production had totaled only 1.787 million NT at a much lower capacity utilization rate of 76.3% during the same week a year before. Also, the production during the week edged higher marginally by 0.8% when compared with the prior week production of 1.913 million NT.

The adjusted year-to-date raw steel production by the country totaled 26.136 million NT through the week ending April 6, 2019. The mill capability utilization rate averaged at 81.9% during this period. The production during this period surged higher by 6.8% over the previous year. The capability utilization rate too recorded notable jump. As per AISI data, the production had totaled only 24.472 million NT at a capability utilization rate of 76.5% during the corresponding year-to-date period in 2018.

The major producer was the Southern region, which accounted for approximately 39% of the country’s total weekly raw steel production. The region produced 746,000 NT of crude steel. The production by the other regions in thousands of net tons is as follows: North East-205, Midwest-195, Great Lakes-706 and Western-76.