Steel Mills

AISI: Raw steel production stumbles
Written by Brett Linton
November 4, 2024
Following three consecutive weekly increases, raw steel production in the US slipped last week, according to the latest American Iron and Steel Institute (AISI) data. Weekly production is now at the third-lowest level recorded this year.
Domestic mills produced an estimated 1,629,000 short tons (st) of raw steel in the week ending Nov. 2. Output fell by 31,000 st or 1.9% from the prior week, with all regions seeing declines. Recall that in mid-October, production fell to a 20-month low of 1,606,000 st (Figure 1).

Total steel mill output last week was 4.8% lower than the year-to-date weekly average of 1,710,000 st. Production was also down 2.5% from 1,671,000 st the same week a year earlier.
The mill capability utilization rate last week was 73.3%, down from 74.7% one week prior but up from 72.7% last year.
Year-to-date production is now 74,111,000 st with an overall capability utilization rate of 76.1%. This is 2.1% less than last year when mills produced 75,672,000 st while operating at 76.4% of capabilities.
Weekly production by region is shown below, with the weekly changes noted in parentheses:
- Northeast – 128,000 st (down 2,000 st)
- Great Lakes – 592,000 st (down 9,000 st)
- Midwest – 186,000 st (down 10,000 st)
- South – 671,000 st (down 4,000 st).
- West – 52,000 st (down 6,000 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 Steel Mills

Atlas completes Evraz NA deal, renames firm, and hires former USS exec as CEO
Atlas Holdings has completed its acquisition of Evraz North America (Evraz NA) and its subsidiaries.

ArcelorMittal: As tariffs slow global growth, Calvert could be a bright spot
ArcelorMittal expects less demand growth across most of the markets it operates in, including the US, because of President Donald Trump’s tariffs. But the Luxembourg-based steelmaker also thinks it stands to benefit from an increasingly regionalized world thanks to investments like the new EAF at its mill in Calvert, Ala.

Ternium posts solid Q2, expects further shipment growth
Latin American steel producer Ternium delivered a solid performance in the second quarter of 2025. Performance was driven primarily by higher realized steel prices in Mexico, even as shipment volumes declined slightly across its regional portfolio.

Algoma swings to loss on ‘unprecedented disruptions’ and trade barriers
Canada’s Algoma Steel saw a sharp loss in the second quarter amid a continued challenging market environment and “tariff uncertainties.”

Nucor eyes long-term gains amid strong demand and trade enforcement
Resilient demand across its steel product lines, combined with the continued ramp-up of key expansion projects, drove Nucor’s improved financial results and record-setting performance in the second quarter. That’s according to company executives speaking on an earnings conference call on Tuesday.