Market Segment

AISI: Raw steel output rises to kick off new year

Written by Ethan Bernard

January 8, 2024

Raw steel production in the US increased in the first week of 2024, according to the most recent data from the American Iron and Steel Institute (AISI).

Domestic steel output totaled an estimated 1,707,000 net tons in the week ended Jan. 6. That’s up 1.6% from both the previous week and the same week last year when production stood at 1,680,000 tons.

The mill capability utilization rate was 76.9% to start the year, up from 73.1% a week earlier and 75.2% a year ago.

Production by region is shown below, with the week-over-week changes shown in parentheses:

  • Northeast – 125,000 tons (unchanged)
  • Great Lakes – 557,000 tons (up 12,000 tons)
  • Midwest – 190,000 tons (up 7,000 tons)
  • South – 771,000 tons (up 9,000 tons)
  • West – 64,000 tons (down 1,000 tons)

Ethan Bernard

Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA. in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

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