AISI: Raw Steel Production Increases Again

Domestic mill capability utilization rate was 76.6% last week, up from 75.5% the previous week. Utilization was down year over year from 78.1% compared to the same period in 2022. 

Adjusted year-to-date production through July 22 was 49,362,000 tons at a capability utilization rate of 75.8%. That is down 2.5% from 50,641,000 tons from the same period one year ago when the capability utilization rate stood at 80%, AISI said.

Production by region for the week ending July 22 is below. (Note: week-over-week changes are in parentheses.)

• Northeast – 137,000 tons (up 8,000 tons)
• Great Lakes – 530,000 tons (down 5,000 tons)
• Midwest – 222,000 tons (up 8,000 tons)
• South – 785,000 tons (up 17,000 tons)
• West – 67,000 tons (down 3,000 tons)

By Becca Moczygemba, becca@steelmarketupdate.com