AISI announced that in the week concluding on August 24, 2024, the U.S. steel industry reported an output of 1,782,000 net tons of raw steel. This marks a 2.3% increase compared to the same week in 2023, when production was 1,742,000 net tons. The current week's production also reflects a modest 1.6% rise from the previous week's output of 1,754,000 net tons. The capability utilization rate for this week stood at 80.2%, a notable improvement from the 76.6% recorded in the same week of the previous year and up from 79.0% the week before.
Breaking down production by region, the weekly output for the week ending August 24, 2024, is distributed as follows: the North East produced 128,000 net tons, the Great Lakes region contributed 596,000 net tons, the Midwest generated 220,000 net tons, the Southern region delivered 774,000 net tons, and the Western region accounted for 64,000 net tons. These figures collectively total 1,782,000 net tons.
The year-to-date production data, adjusted through August 24, 2024, shows a cumulative output of 57,692,000 net tons. This figure represents a 1.9% decline from the 58,818,000 net tons produced during the same period last year. Additionally, the capability utilization rate for the year-to-date stands at 76.7%, slightly lower than the
