In the week ending on March 16, 2024, domestic raw steel production was 1,714,000 net tons while the capability utilization rate was 77.2 percent. Production was 1,718,000 net tons in the week ending March 16, 2023 while the capability utilization then was 76.9 percent. The current week production represents a 0.2 percent decrease from the same period in the previous year. Production for the week ending March 16, 2024 is down 1.2 percent from the previous week ending March 9, 2024 when production was 1,734,000 net tons and the rate of capability utilization was 78.1 percent.
Adjusted year-to-date production through March 16, 2024 was 18,307,000 net tons, at a capability utilization rate of 75.9 percent. That is down 3.1 percent from the 18,886,000 net tons during the same period last year, when the capability utilization rate was 77.7 percent.
Broken down by districts, here’s production for the week ending March 16, 2024 in thousands of net tons: North East: 134; Great Lakes: 580; Midwest: 181; Southern: 760 and Western: 59 for a total of 1714.
The raw steel production tonnage provided in this report is estimated. The figures are compiled from weekly production tonnage provided by approximately 50% of the domestic production capacity combined with the most recent monthly production data for the remainder. Therefore, this report should be used primarily to assess production trends. The AISI production report “AIS 7”, published monthly and available by subscription, provides a more detailed summary of steel production based on data supplied by companies representing 75% of U.S. production capacity.
Source: AISI
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