U.S Raw Steel Output Surged Year-on-Year
Posted on 15 September 2021
The U.S. weekly raw steel output recorded notable increase by 22.4% during the week ending on September 11, 2021, when matched with the comparable week in 2020. This is in accordance with the latest weekly domestic production statistics released by the American Iron and Steel Institute (AISI).
The U.S. weekly domestic raw steel output totalled 1.882 million net tons (NT). The domestic mill capability utilization rate was 85.3%. It must be noted that the production had totalled only 1.537 million NT at a much lower capacity utilization rate of 68.6% during the corresponding week a year before. Also, the weekly crude steel production increased marginally by 0.9% over the week. The production was 1.866 million NT during the week ended September 4, 2021.
The cumulative adjusted year-to-date U.S. raw steel production totalled 65.786 million NT through the week ending on September 11, 2021. This is up by 20.1% from the production which totalled 54.767 million NT during the same period in 2020. The capability utilization rate too recorded notable jump from 66.8% to 80.8% over the year.
The leading producer was the Southern region, with an output of 786,000 net tons. The production by Great Lakes region stood at 638,000 net tons during the week. The production by other regions (in thousand net tons) is as follows: North East-174, Midwest-204 and Western-80.Source : Scrap Monster