Source: Scrap Monster
The U.S. weekly raw steel output recorded considerable surge during the week ended on May 11, 2019, upon comparison with the same week a year before. This is in accordance with the latest weekly production statistics published by the American Iron and Steel Institute (AISI). Also, the production for the week was marginally higher when compared with the prior week.
The U.S. domestic raw steel production in the week ended May 11, 2019 totaled 1.927 million net tons (NT) at a capability utilization rate of 82.8%. It must be noted that the production had totaled only 1.808 million NT at a much lower capacity utilization rate of 77.1% during the same week a year before. Also, the production during the week edged higher marginally by 0.6% when compared with the prior week production of 1.915 million NT.
The adjusted year-to-date raw steel production by the country totaled 35.625 million NT through the week ended May 11, 2019. The mill capability utilization rate averaged at 81.8% during this period. The production during this period surged higher by 6.6% over the previous year. The capability utilization rate too recorded notable jump. As per AISI data, the production had totaled only 33.417 million NT at a capability utilization rate of 76.6% during the corresponding year-to-date period in 2018.
The major producer was the Great Lakes region, which accounted for more than 38% of the country’s total weekly raw steel production. The region produced 735,000 NT of crude steel. The production by the other regions in thousands of net tons is as follows: North East-201, Midwest-191, Southern-722 and Western-78.