Analysis
July 8, 2024
AISI: Raw steel production slips to 5-month low
Written by Brett Linton
Domestic raw steel production tumbled last week to the lowest rate seen in five months, according to the latest release by the American Iron and Steel Institute (AISI). Throughout this year, the only time weekly production rates have been this low were the last three weeks of January.
Total US steel mill output is estimated to have been 1,695,000 short tons (st) in the week ending July 6. This is down 26,000 st, or 1.5%, from the week prior. Raw production last week was 1.1% lower than the year-to-date weekly average of 1,714,000 st. Production is down 0.1% compared to the same week one year ago when production totaled 1,696,000 st.
