US Steel Production Capacity Utilization Slips in Week 7

American Iron & Steel Institute reported that in week ending on 18 February 2023, US domestic raw steel production was 1.654 million net tons while the capability utilization rate was 74.0%. Production was 1.755 million net tons in the week ending 18 February 2022 while the capability utilization then was 80.8%. The current week production represents a 5.8% decrease from the same period in the previous year. Production for the week ending 18 February 2023 is down 0.6% from the previous week ending 11 February 2023 when production was 1.664 million net tons and the rate of capability utilization was 74.4%.Southern: 724,000 net tonGreat Lakes: 512,000 net tonMidwest: 202,000 net tonNorth East: 154,000 net tonWestern: 62,000 net tonAdjusted year-to-date production through 18 February 2023 was 11.426 million net tons, at a capability utilization rate of 73.0%. That is down 6.3% from the 12.199 million net tons during the same period last year, when the capability utilization rate was 80.3%

US Steel Production Capacity Utilization Slips in Week 7

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