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5 Nov 2019

05/11/2019 TODAY STEEL MKT NEWS

US Steel mills’ capacity utilization rate reaches 81.6%: AISI

WASHINGTON (Scrap Register): In the week ending on November 2, 2019, domestic raw steel production was 1,888,000 net tons while the capability utilization rate was 81.6 percent, the American Iron and Steel Institute (AISI) said in its weekly report.

Production was 1,887,000 net tons in the week ending November 2, 2018 while the capability utilization then was 80.5 percent. The current week production represents a 0.1 percent increase from the same period in the previous year.

Production for the week ending November 2, 2019 is up 1.2 percent from the previous week ending October 26, 2019 when production was 1,866,000 net tons and the rate of capability utilization was 80.7 percent.

Adjusted year-to-date production through November 2, 2019 was 81,599,,000 net tons, at a capability utilization rate of 80.3 percent. That is up 2.5 percent from the 79,581,000 net tons during the same period last year, when the capability utilization rate was 77.5 percent.

Broken down by districts, here’s production for the week ending November 2, 2019 in thousands of net tons: North East: 190; Great Lakes: 676; Midwest: 181; Southern: 767 and Western: 74 for a total of 1888.

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