Features

AISI: Raw steel output and capacity utilization slip
Written by Brett Linton
February 17, 2025
US steel mills produced an estimated 1,670,000 short tons (st) of raw steel last week, according to recently released American Iron and Steel Institute (AISI) figures.
In the week ending Feb. 15, domestic steel output declined by 5,000 st, or 0.3%, compared to the prior week (Figure 1). While down, this marks the third-highest rate recorded across the past four months.

US production was 0.9% higher than the year-to-date weekly average of 1,654,000 st per week, but 3.2% lower than the same week last year.
Last week’s mill capability utilization rate was 75.0%, down from 75.2% one week prior. This time last year it was significantly higher at 77.7%.
Year-to-date mill output now totals 10,879,000 st at a capability utilization rate of 74.3%. This is 0.3% lower than the same period of 2024 when 10,912,000 st were produced at a capability utilization rate of 75.4%.
Weekly regional production data and week-over-week (w/w) changes are as follows:
- Northeast – 122,000 st (up 2,000 st)
- Great Lakes – 487,000 st (down 9,000 st)
- Midwest – 247,000 st (down 3,000 st)
- South – 750,000 st (up 3,000 st)
- West – 64,000 st (up 2,000 st)
Editor’s note: The raw steel production tonnage provided in this report is estimated and should be used primarily to assess production trends. The graphic included in this report shows unadjusted weekly data. The monthly AISI “AIS 7” report is available by subscription and provides a more detailed summary of domestic steel production.

Brett Linton
Read more from Brett LintonLatest in Features

Final Thoughts
United Airlines raised eyebrows earlier this month when it provided two forecasts for 2025 – one assuming a relatively stable economy and another assuming a recession. The reason? Uncertainty around the impact of President Trump’s policy shocks on the broader economy. And it sometimes feels like we’re seeing a battle between those two narratives (stable vs recession) play out within in the pages of this newsletter.

Price: Expect new trade shocks as Trump’s ‘reciprocal’ tariff negotiations continue
President Trump cast a wide net with the proposed, reciprocal tariffs. The negotiating stage will be critical to determining the success of his strategy. And for those suffering tariff whiplash, don’t expect the pace of change to slow down just because the reciprocal tariffs are entering a negotiating phase.

Join SMU on Wednesday for a Community Chat with Bilstein Cold Rolled Steel CEO Brent Wilson
Bilstein Cold Rolled Steel LLC CEO Brent Wilson will be the featured speaker on the next SMU Community Chat webinar on Wednesday, April 30, at 11 am ET. You can register here. Reminder: The live webinar is free to attend. A recording will be available only to SMU subscribers. About Bilstein and Wilson Bilstein Cold […]

SMU Week in Review: April 21-25
The constant flow of information we all receive can be a bit overwhelming, but SMU is here to help with a weekly snapshot.

SMU Steel Summit 2025: A vibe you won’t want to miss
SMU Steel Summit 2025 will be here before you know it. Be sure to register!