Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Raw steel production in the US decreased by 36.6pc last week, according to the American Iron and Steel Institute (AISI).


Domestic output reached 1.2mn nt (1.1mn mt) with a capability utilization rate of 53.2pc during the week ending May 23, 2020, which is down from 1.9mn nt of raw steel production during the same week in 2019, when the capability utilization rate was 80.8pc. 


Adjusted year-to-date output through last week reached 33.2mn nt with a 70.3pc capability utilization rate, which declined by 14.7pc from 39mn nt, with a 81.4pc capability utilization rate, during the same period in 2019.


According to the AISI data during the week ending May 23, 2020, the Southern district produced 517,000nt of raw steel, followed by the Great Lakes’ 395,000nt, the Midwest’s 127,000nt, the North East’s 93,000nt, and the Western district’s 59,000nt.


The AISI data noted that Q2 2020 capability declined to 29.1mn t (26.4mn mt) from 30.3mn t last quarter.

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