Steel Products Prices North America
Weekly Raw Steel Production Edges Up Again
Written by David Schollaert
November 23, 2021
Domestic raw steel production edged higher in the week ending Nov. 20, increasing for the second consecutive week. U.S. mills produced an estimated 1,861,000 net tons during the week, while the average mill utilization rate rose to 84.3%, according to the American Iron and Steel Institute (AISI).
Production was up an estimated 0.3% compared to the previous week when output was assessed at 1,856,000 net tons and average utilization was 84.1%. Last week’s production total represents a 14.8% increase from year-ago levels when the market continued to recover from the pandemic-driven slowdown. Production by U.S. mills then was 1,621,000 net tons and utilization was 73.3%.
Adjusted year-to-date production through Nov. 20 totaled 84,437,000 net tons, at an average utilization rate of 81.6%. That’s up 19.9% from the same period last year when the utilization rate was 67.7% and production was 70,432,000 net tons, AISI said.
Production fell in two out of five regions last week, the decrease coming from the North East and Great Lakes. The largest increase week on week came from the South district at 5,000 tons. Below is production by region for the week ending Nov. 20: Northeast, 175,000 tons; Great Lakes, 617,000 tons; Midwest, 205,000 tons; South, 787,000 tons; and West, 77,000 tons – for a total of 1,861,000 net tons, up 5,000 net tons from the prior week.
Note: The raw steel production tonnage provided in this report is estimated. The figures are compiled from weekly production tonnage provided by approximately 50% of the domestic production capacity combined with the most recent monthly production data for the remainder. Therefore, this report should be used primarily to assess production trends. The AISI production report “AIS 7,” published monthly and available by subscription, provides a more detailed summary of steel production based on data supplied by companies representing 75% of U.S. production capacity. Given the large number of changes to steelmaking capability in the current rapidly evolving market environment, AISI is undertaking a comprehensive review of its raw steel production and capability utilization statistics to ensure that they accurately reflect market conditions. Any updates to capability will be phased in over several weeks. Capability for the fourth quarter 2021 is approximately 29.0 million tons.
By David Schollaert, David@SteelMarketUpdate.com
David Schollaert
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