According to the American Iron and Steel Institute (AISI), in the week ending on May 6, 2023, domestic raw steel production was 1,712,000 net tons while the capability utilization rate was 76.1 percent.
Production for the week ending May 6, 2023 is down 0.2 percent from the previous week ending April 29, 2023 when production was 1,716,000 net tons and the rate of capability utilization was 76.3 percent.
Production was 1,773,000 net tons in the week ending May 6, 2022 while the capability utilization then was 81.2 percent. The current week production represents a 3.4 percent decrease from the same period in the previous year.
Adjusted year-to-date production through May 6, 2023 was 30,098,000 net tons, at a capability utilization rate of 74.7 percent. That is down 4.3 percent from the 31,461,000 net tons during the same period last year, when the capability utilization rate was 80.3 percent.