SEATTLE (Scrap Monster): The weekly domestic raw steel production data published by the American Iron and Steel Institute (AISI) signalled significant surge in output during the week ended January 15, 2022. The weekly production climbed higher significantly by 5.6% over the previous year.
The raw steel output by the U.S. mills totalled 1.833 million net tons (NT) at a capability utilization rate of 83.2%. The production had totalled only 1.736 million NT at a capacity utilization rate of 76.6% during the same period a year before. Also, the production during the week recorded marginal increase by 1.1% when compared with the production of 1.813 million NT at a capability utilization rate of 82.3% during the prior week.
The adjusted year-to-date raw steel production totalled 3.901 million NT until the week ending January 15, 2022. The mills in the country reported capability utilization rate of 82.7% during this period. The production till date has increased by 4.9% from 3.720 million NT during the same period last year. The capability utilization rates too were up from 76.6% a year before.
The mills in the Southern region accounted for over 40% of the total weekly raw steel production by the country. The regional output totalled 742,000 NT. The production (in thousand net tons) by the other regions was as follows: North East-170, Midwest-209, Great Lakes-629 and Western-83.