Weekly Raw Steel Production Recovers Slightly

Raw steel production by U.S. mills rebounded after falling for three straight weeks, and down five out of the last seven weeks. Domestic raw steel production was estimated at 1,856,000 net tons in the week ending Nov. 13, while the average mill utilization rate rose to 84.1%, according to the American Iron and Steel Institute (AISI).

Overall output was up an estimated 0.8% versus the week prior when production was assessed at 1,841,000 net tons and average utilization was 83.4%. Last week’s production total represents a 14.5% increase from year-ago levels when the market was recovering from the initial COVID-related derailment. Production by U.S. mills then was 1,621,000 net tons and utilization was 73.3%.

David Schollaert

David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

David Schollaert

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