Steel Products
AISI: Raw Steel Production Up After Three-Week Drop
Written by Becca Moczygemba
October 23, 2023
Domestic raw steel production rebounded in the week ended Oct. 21, according to data released by the American Iron and Steel Institute (AISI) on Monday, Oct. 23.
US steel output increased to 1,703,000 tons, up 0.5% from 1,695,000 net tons a week earlier. Though the change was small, it’s a recovery from a three week slide. Production is also up 3.6% from 1,644,000 tons in the same period last year.
The mill capability utilization rate for the week was 74.1% compared to 73.8% the week prior. During the same week last year, the mill capability utilization rate was 73.7%. We have not seen an overall mill capability utilization rate over 80% since early July 2022.
Adjusted year-to-date production through Oct. 21 was 71,866,000 tons at a capability utilization rate of 75.8%. That’s a decrease of 1% from the 72,616,000 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 – 134,000 (up 6,000 tons)
- Great Lakes – 567,000 (down 5,000 tons)
- Midwest – 184,000 (down 10,000 tons)
- South – 746,000 (up 19,000 tons)
- West – 72,000 (down 2,000 tons)
Becca Moczygemba
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