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US Steel Production Capacity Utilization Slips

American Iron & Steel Institue announced that in the week ending on May 20, 2023, domestic raw steel production

American Iron & Steel Institue announced that in the week ending on May 20, 2023, domestic raw steel production was 1,728,000 net tons while the capability utilization rate was 76.8 percent. Production was 1,771,000 net tons in the week ending May 20, 2022 while the capability utilization then was 81.1 percent.

Broken down by districts, here’s production for the week ending May 20, 2023 in thousands of net tons: North East: 147; Great Lakes: 576; Midwest: 212; Southern: 728 and Western: 65 for a total of 1728.

The last week production represents a 2.4 percent decrease from the same period in the previous year. Production for the week ending May 20, 2023 is up 0.2 percent from the previous week ending May 13, 2023 when production was 1,725,000 net tons and the rate of capability utilization was 76.7 percent.

Adjusted year-to-date production through May 20, 2023 was 33,615,000 net tons, at a capability utilization rate of 75.0 percent. That is down 4.0 percent from the 35,003,000 net tons during the same period last year, when the capability utilization rate was 80.5 percent.

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