Steel Products Prices North America
Raw Steel Production, Capacity Utilization Slip: AISI
Written by David Schollaert
May 3, 2022
Raw steel production by US mills slipped last week, edging down following three weeks of gains. Domestic output totaled 1,775,000 net tons in the week ending April 30, while mill capacity utilization was 81.3%, the American Iron and Steel Institute (AISI) reported.
US output was down 0.5% versus the week prior and 3.2% below the same year-ago period when production was 1,834,000 net tons. Mill capacity utilization last week was 0.4 percentage points below the prior week but 0.5 percentage points above the same period one year ago when utilization was 80.8%.
Adjusted year-to-date production through April 23 totaled 29,848,000 net tons, at an average utilization rate of 80%. That’s down 1.6% from the same period last year when production was 30,340,000 net tons, though the utilization rate was lower at 78.0%, AISI said.
Production was down in three out of five regions last week.
Below is the production by region for the week ending April 30: Northeast, 174,000 tons; Great Lakes, 567,000 tons; Midwest, 207,000 tons; South, 754,000 tons; and West, 73,000 tons – for a total of 1,775,000 net tons, down 9,000 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.
By David Schollaert, David@SteelMarketUpdate.com
David Schollaert
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