Features

AISI: US raw steel output falls to 11-week low
Written by Brett Linton
September 23, 2024
The total amount of raw steel produced by US steel mills last week declined for the second consecutive week, according to the latest release from the American Iron and Steel Institute (AISI). Weekly production now stands at its lowest level since early July.
Total domestic mill output was estimated at 1,707,000 short tons (st) in the week ending Sept. 21. This is down by 42,000 st (2.4%) from the week prior and is the largest weekly decline recorded since early 2023.
Raw production last week was 0.9% lower than the year-to-date weekly average of 1,723,000 st. But production is 0.9% more than the same week one year prior when mill output totaled 1,691,000 st. Recall that production recently reached a multi-year high in late August of 1,782,000 st.
The mill capability utilization rate last week fell to 76.9%. This is down from 78.8% the week prior but up from 74.4% this time last year. (Compare this to the late-August peak of 80.2%).
Year-to-date production is up to 64,566,000 st at a capability utilization rate of 76.8%. This is 1.6% less than the same time frame last year, when 65,634,000 st had been produced at a capability utilization rate of 76.9%.
Weekly production by region is shown below, with the weekly changes noted in parentheses:
- Northeast – 125,000 st (down 2,000 st)
- Great Lakes – 583,000 st (down 14,000 st)
- Midwest – 204,000 st (down 16,000 st)
- South – 742,000 st (down 5,000 st)
- West – 53,000 st (down 5,000 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.

Brett Linton
Read more from Brett LintonLatest in Features

Join SMU for a Community Chat With Barry Zekelman Next Wednesday!
Zekelman is known for his straight talk. And his company is one of the largest steel buyers in North America. So he’s got a better eye than most on steel market developments.

Steel market chatter this week
On Monday and Tuesday of this week, SMU polled steel buyers on an array of topics, ranging from market prices, demand, and inventories to imports and evolving market events.

Final Thoughts
Sure, demand isn’t as good the market had hoped it would be earlier this year. But assuming it doesn’t fall of a cliff, buyers will have to restock at some point. And that might give domestic mills enough leverage to raise prices again.

AISI: Raw steel production dips, remains near multi-month high
Following three weekly increases, domestic mill output edged lower last week, according to the American Iron and Steel Institute (AISI).

Nippon eyeing new $4B U.S. Steel mill to sweeten deal: Report
Nippon Steel could build a new domestic U.S. Steel mill with a total investment of $4 billion.