Prices
AISI: Raw Steel Production Increases Again
Written by Becca Moczygemba
July 24, 2023
US raw steel production rose a second consecutive week, according to data released by the American Iron and Steel Institute (AISI) on Monday, July 24.
Steel production in the US rose to 1,741,000 net tons for the week ended July 22, up 1.5% from 1,716,000 the previous week. Domestic production is also up 1.2% year-over-year from 1,721,000 net tons in the same week of 2022.
Domestic mill capability utilization rate was 76.6% last week, up from 75.5% the previous week. Utilization was down year over year from 78.1% compared to the same period in 2022.
Adjusted year-to-date production through July 22 was 49,362,000 tons at a capability utilization rate of 75.8%. That is down 2.5% from 50,641,000 tons from the same period one year ago when the capability utilization rate stood at 80%, AISI said.
Production by region for the week ending July 22 is below. (Note: week-over-week changes are in parentheses.)
- Northeast – 137,000 tons (up 8,000 tons)
- Great Lakes – 530,000 tons (down 5,000 tons)
- Midwest – 222,000 tons (up 8,000 tons)
- South – 785,000 tons (up 17,000 tons)
- West – 67,000 tons (down 3,000 tons)
By Becca Moczygemba, becca@steelmarketupdate.com
Becca Moczygemba
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