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4 Dec 2019

04/12/2019 TODAY STEEL MKT NEWS

US Steel mill capacity utilization dips to 79.3%

WASHINGTON (Scrap Register): United States domestic raw steel production was 1,835,000 net tons while the capability utilization rate was 79.3 percent in the week ending on November 30, 2019, according to latest data from the American Iron and Steel Institute (AISI).

Production was 1,903,000 net tons in the week ending November 30, 2018 while the capability utilization then was 81.2 percent. The current week production represents a 3.6 percent decrease from the same period in the previous year.

Production for the week ending November 30, 2019 is down 1.4 percent from the previous week ending November 23, 2019 when production was 1,861,000 net tons and the rate of capability utilization was 80.4 percent.

Adjusted year-to-date production through November 30, 2019 was 88,919,000 net tons, at a capability utilization rate of 80.2 percent. That is up 2.0 percent from the 87,193,000 net tons during the same period last year, when the capability utilization rate was 78.1 percent.

Broken down by districts, here’s production for the week ending November 30, 2019 in thousands of net tons: North East: 215; Great Lakes: 635; Midwest: 203; Southern: 699 and Western: 83 for a total of 1835.

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