Steel Mills
AISI: Raw steel production slips to four-week low
Written by Brett Linton
June 10, 2024
Domestic raw steel production eased last week, falling from an eight-week high down to a four-week low, according to the latest data from the American Iron and Steel Institute (AISI).
AISI estimated total US steel mill output to have been 1,716,000 short tons (st) in the week ending June 8, down 27,000 st or 1.5% from the week prior. Production was just a tick higher than the year-to-date weekly average of 1,715,000 st. Last week’s total was down 1.3% compared to the same week one year ago when production totaled 1,738,000 st.
The mill capability utilization rate was 77.3% last week. This rate was lower than the prior week (78.5%) but in line with levels seen at this time last year.
Year-to-date production is now up to 38,790,000 st at a capability utilization rate of 76.4%. Annual production is down 2.8% from last year when output was 39,903,000 st at a capability utilization rate of 77.8%.
Weekly production by region is shown below, with the weekly changes noted in parentheses:
- Northeast – 129,000 st (down 7,000 st)
- Great Lakes – 542,000 st (down 9,000 st)
- Midwest – 209,000 st (up 1,000 st)
- South – 770,000 st (down 9,000 st)
- West – 66,000 st (down 3,000 st)
Editor’s note: The raw steel production tonnage provided in this report is estimated and should be used primarily to assess production trends. AISI’s monthly “AIS 7” report is available by subscription and can provide a more detailed summary of domestic steel production.
Brett Linton
Read more from Brett LintonLatest in Steel Mills
Nucor sees sequentially lower Q3 profits across all three business segments
Nucor's third-quarter earnings will be down quarter-over-quarter, but still higher than a year earlier.
Hyundai still on for Louisiana steel mill despite US raid at Georgia battery plant
Hyundai has reaffirmed its commitment to build a steel plant in Louisiana following a US government immigration raid at its battery facility in Georgia.
Hybar lowers output forecast, owning up to EAF startup delay
Hybar LLC’s rebar mill in Osceola, Ark., is now melting scrap and will soon be fulfilling orders, according to CEO David Stickler, despite a six-to-eight-week delay caused by commissioning the world’s first Aura electrical system.
Steel Dynamics guides to more metal, more money in Q3
Steel Dynamics Inc. is bullish heading into the close of the third quarter, with all three of its operating segments tracking higher.
AHMSA opens doors to potential buyers as $1.3B asset auction nears
AHMSA is opening its doors to potential buyers to tour its steel plant and mining operations in northern Mexico in preparation for the next stage of its bankruptcy process: the auction of its assets.