Market Segment
December 9, 2024
AISI: Raw steel output rises to 11-week high
Written by Brett Linton
Domestic raw steel mill production ticked up to an 11-week high last week, according to the latest figures released by the American Iron and Steel Institute (AISI). Since sharply falling in September and October, weekly production has marginally trended higher for the past two months, but remains significantly low compared to levels recorded earlier this year.
US mills produced an estimated 1,668,000 short tons (st) of raw steel in the week ending Dec. 7. Output rose by 30,000 st, or 1.8%, from the prior week. Recall that in early October production had fallen to a 20-month low of 1,606,000 st (Figure 1).
