Source: Scrap Monster
The American Iron and Steel Institute (AISI) released weekly domestic raw steel production report.
According to the report, the domestic raw steel production totaled 1.897 million net tons during the week ended August 3, 2019. The production represents a jump of 2.7% from the same week a year before. It must be noted that the raw steel production had totaled only 1.848 million net tons during the week ending August 3, 2018. The capability utilization rates too surged higher over the previous year, from 78.8% to 81.5%.
The production during the week ending August 3, 2019 was marginally higher when matched with the prior week production of 1.884 million net tons. The capability utilization reported week-on-week jump by 0.6%.
The adjusted year-to-date raw steel production by the U.S. totaled 57.945 million net tons through the week ended August 3, 2019 at a capacity utilization rate of 81.1%. AISI reported 4.8% jump in production over the previous year. The mill capability utilization rate too recorded notable jump. As per AISI data, the production had totaled only 55.279 million NT at a lower capability utilization rate of 77.0% during the corresponding year-to-date period in 2018.
The district-wise details indicate that the Southern region emerged as the largest producer. The regional output totaled 702,000 net tons, closely followed by Great Lakes region with an output of 699,000 net tons. The production by other regions in thousands of net tons is as follows: North East (213), Midwest (209) and Western (74).