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

US raw steel production rose by 44.3pc to 1.84mn nt (1.66mn mt) for the week ended Jun 26 from 1.27mn nt in the same week last year while capacity utilization moved up by 46pc to 82.7pc from 56.8pc according to the American Iron and Steel Institute (AISI).


Compared to last week output ticked down by 0.2pc from 1.84mn nt and a capacity utilization rate of 82.9pc.


Production moved up by 15.2pc to 45.05mn nt between Jan 1 and Jun 26 from 39.11mn nt during the same year-to-date period last year. The capacity utilization rate was 78.8pc from Jan 1 to Jun 26 compared to 67.8pc during the same period in 2020.

Regionally, compared to the same week a year ago, production increases occurred in the Northeast with output up by 10.6pc to 136,000nt, output in the Great Lakes rose by 57.7pc to 645,000nt, in the Midwest by 48.5pc to 196,000nt, in the South by 52.1pc to 785,000nt and the West by 21.7pc to 73,000nt.


Compared to last week production increased in all regions except the Northeast where output was down 9.9pc from 151,000nt and the West where it reduced by 5.2pc from 77,000nt. Production was up in the Great Lakes by 1.7pc from 634,000nt, in the Midwest by 1pc from 194,000nt, and in the South by 0.3pc from 783,000nt. 


The estimated crude steel tonnage provided by AISI is compiled by combining weekly production figures from 50pc of domestic producers and monthly production data. 

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