Steel Mills
AISI: Raw steel production rebounds
Written by David Schollaert
August 12, 2024
Domestic steel mill output rose last week after falling for two straight weeks, according to the latest release by the American Iron and Steel Institute (AISI).
Total raw steel mill production was estimated at 1,735,000 short tons (st) in the week ending Aug. 10. That’s up 13,000 st, or 0.8%, from the week prior. It’s also the second highest weekly output year-to-date.
Raw steel production is in addition up 0.4% from the same week one year ago, when output totaled 1,742,000 st.
The mill capability utilization rate for last week was 78.1%. That’s higher than the week prior (77.5%) and than this time last year (76.6%).
Year-to-date production stands at 54,156,000 st at a capability utilization rate of 76.5%. This is down 2.1% vs. the same year-ago period, when 55,334,000 st were produced at a capability utilization rate of 77.2%.
Weekly production by region is detailed below, with the weekly changes noted in parentheses:
- Northeast – 127,000 st (down 3,000 st)
- Great Lakes – 580,000 st (down 2,000 st)
- Midwest – 207,000 st (down 4,000 st)
- South – 752,000 st (up 19,000 st)
- West – 69,000 st (up 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. The monthly AISI “AIS 7” report is available by subscription and provides a more detailed summary of domestic steel production.
David Schollaert
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