Market Segment
October 16, 2023
AISI: Raw Steel Output Slips for a Third Week
Written by Becca Moczygemba
Raw steel production in the US declined slightly in the week ending Oct. 14, according to data released by the American Iron and Steel Institute (AISI) on Monday, Oct. 16.
Domestic steel output slipped 0.2% from the previous week’s 1,698,000 net tons to 1,695,000 tons. Although the change was negligible, it was the third consecutive week to show a decline. Production is up 3.1% from 1,644,000 tons in the same week last year.
The mill capability utilization rate for the week was 73.8% compared to 74.7% the week prior. During the same period a year ago, the mill capability utilization rate was 73.7%. The overall mill capability utilization rate has not been at or above 80% since early July 2022.
Adjusted year-to-date production through Oct. 14 was 70,163,000 tons at a capability utilization rate of 75.9%. That’s a decline of 1.1% from the 70,972,000 tons produced during the same time last year when the capability utilization rate was 78.8%.
Production by region is shown below with the week-over-week change shown in parenthesis:
- Northeast – 128,000 (down 4,000 tons)
- Great Lakes – 572,000 (up 14,000 tons)
- Midwest – 194,000 (down 10,000 tons)
- South – 727,000 (down 11,000 tons)
- West – 74,000 (up 8,000 tons)
