Market Segment
October 9, 2023
Raw Steel Down in First Week of October: AISI
Written by Becca Moczygemba
US raw steel production dropped for the week ending Oct. 7, according to data released by the American Iron and Steel Institute (AISI) on Monday, Oct. 9.
Domestic steel production fell 1.4% to 1,698,000 tons from 1,722,000 tons the week prior. Compared to the same period one year ago, production was up 3.3% when 1,644,000 tons were produced.
The mill capability utilization rate for the week was 74.7% compared to 75.7% a week earlier. During the same period in 2022, the mill capability utilization rate was 73.7%.
Adjusted year-to-date production through Oct. 7 was 68,468,000 tons, at a capability utilization rate of 75.9%. That was down 1.2% from the 69,327,000 tons during the same period one year ago when the capability utilization rate was 78.8%.
- Northeast – 132,000 (down 2,000 tons)
- Great Lakes – 558,000 (down 10,000 tons)
- Midwest – 204,000 (down 2,000 tons)
- South – 738,000 (down 8,000 tons)
- West – 66,000 (down 2,000 tons)
