Market Segment
October 2, 2023
AISI: Raw Steel Production Shifts Down
Written by Becca Moczygemba
US raw steel output took a downward turn during the week ending Sept. 30, according to data released by the American Iron and Steel Institute (AISI) on Monday, Oct. 2.
Steel production dropped 0.7% week-on-week to 1,722,000 tons from the previous week’s 1,735,000 tons. At the same time, production was up 2.3% from the same period in 2022 when production was 1,684,000 tons.
The mill capability utilization rate for the week was 75.7% vs. 76.3% the week before. The mill capability utilization rate for the same period one year prior was 76.4%
Weekly production by region, with the change from the previous week, is shown below:
- Northeast – 134,000 (up 8,000 tons)
- Great Lakes – 568,000 (down 7,000 tons)
- Midwest – 206,000 (down 14,000 tons)
- South – 746,000 (up 2,000 tons)
- West – 68,000 (down 2,000 tons)
Adjusted year-to-date production through Sept. 30 was 66,770,000 tons, with an overall mill capability utilization rate of 76%. That is a 1.3% decrease from the 67,683,000 tons produced during the same time last year when the capability utilization rate was 79.4%
