AISI: U.S. Raw Steel Output Dipped Modestly
Posted on 03 November 2021
The weekly domestic raw steel production data published by the American Iron and Steel Institute (AISI) signalled marginal dip in output during the week ended October 30, 2021. On the contrary, the weekly production climbed higher significantly by 20.1% over the previous year.
The raw steel output by the U.S. mills totalled 1.860 million net tons (NT) at a capability utilization rate of 84.3%. The production had totalled only 1.549 million NT at a capacity utilization rate of 70.1% during the same period a year before. Meantime, the production during the week recorded marginal decline by 0.5% when compared with the production of 1.870 million NT at a capability utilization rate of 84.7% during the prior week.
The adjusted year-to-date raw steel production totalled 78.879 million NT until the week ending October 30, 2021. The mills in the country reported capability utilization rate of 81.4% during this period. The production till date has increased by 20.3%, compared with 65.579 million NT during the same period last year. The capability utilization rates too were up from 67.1% during the year-ago period.
The mills in the Southern region accounted for approximately 42% of the total weekly raw steel production by the country. The regional output totalled 781,000 NT. The production (in thousand net tons) by the other regions was as follows: North East-178, Midwest-204, Great Lakes-618 and Western-79.Source : Scrap Monster