Raw Steel Production: Week 2/24/24

ccording to recent post by AISI In the week ending on February 24, 2024, domestic raw steel production was 1,727,000 net tons while the capability utilization rate was 77.8 percent. Production was 1,800,000 net tons in the week ending February 24, 2023 while the capability utilization then was 80.5 percent. The current week production represents a 4.1 percent decrease from the same period in the previous year. Production for the week ending February 24, 2024 is up 0.3 percent from the previous week ending February 17, 2024 when production was 1,721,000 net tons and the rate of capability utilization was 77.5 percent.

Adjusted year-to-date production through February 24, 2024 was 13,384,000 net tons, at a capability utilization rate of 76.7 percent. That is down 2.1 percent from the 13,673,000 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 February 24, 2024 in thousands of net tons: North East: 132; Great Lakes: 556; Midwest: 192; Southern: 775 and Western: 72 for a total of 1727.

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.