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

US raw steel production decreased by 0.9pc to 1.2mn nt with a capability utilization rate of 53.3pc for the week ending June 6, 2020, according to American Iron and Steel Institute (AISI). 


The capability utilization the previous week was also higher at 53.8pc. Compared to the same week last year, crude steel production dropped 36pc from 1.9mn ntand a capacity utilization rate of 80.2pc. 

Adjusted year-to-date production through June 6, 2020, was 35.5mn nt, at a capability utilization rate of 68.6pc. The figure is down by 16.9pc from the 42.7 mn nt during the same period last year, when the capability utilization rate was 81.4pc.

Regionally, the Northeast comprised 9.5pc of total domestic crude steel production last week, while the Great Lakes was 34.4pc, the Midwest was 9.8pc, the South was 41.8pc, and the West was 4.5pc. The South led the decline in production, while compared to the previous week, the Midwest decreased by 3.3pc, or 4,000nt, and South decreased by 4.6pc, or 24,000nt. However, the Northeast increased by 13pc, or 13,000nt, and the Great Lakes increased by 1.2pc, or 5,000nt. The West remained relatively flat week-over-week.


In comparison to the preliminary data around the same week last year, the Northeast dropped by 47.2pc to 113,000nt, the Great Lakes decreased by 42.9pc to 411,000nt, the Midwest decreased by 37.1pc to 117,000, the South decreased by 26.9pc, and the West declined by 23.9pc to 54,000nt. 


Crude steel production tonnage provided by AISI is estimated. The figures are compiled from weekly production tonnage provided by 50pc of the domestic producers combined with monthly production data for the remainder.


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