Steel Products Prices North America
AISI: Raw Steel Output Up for Third Straight Week
Written by Becca Moczygemba
July 31, 2023
US raw steel production inched up for a third consecutive week, according to data released by the American Iron and Steel Institute (AISI) on Monday, July 31.
Steel production in the US increased to 1,749,000 net tons for the week ended July 29, up 0.5% from 1,741,000 net tons the previous week. US production is 1.6% higher than it was during the same time one year prior when it was 1,721,000 net tons.
Domestic mill capability utilization rate was 76.9% last week, up slightly from 76.6% the previous week. Utilization was down from 78.1% in the same period in 2022.
Adjusted year-to-date production through July 29 was 51,111,000 tons at a capability utilization rate of 75.8%. That is down 2.4% from 52,362,000 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 29 is below. (Note: week-over-week changes are in parentheses.)
- Northeast – 134,000 tons (down 3,000 tons)
- Great Lakes – 552,000 tons (up 22,000 tons)
- Midwest – 219,000 tons (down 3,000 tons)
- South – 782,000 tons (down 3,000 tons)
- West – 62,000 tons (down 5,000 tons)
By Becca Moczygemba, becca@steelmarketupdate.com
Becca Moczygemba
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