According to the American Iron and Steel Institute (AISI), in the week ending on March 2, 2024, US domestic raw steel production was 1,716,000 net tons while the capability utilization rate was 77.3 percent.
Production for the week ending March 2, 2024 is down 0.6 percent from the previous week ending February 24, 2024 when production was 1,727,000 net tons and the rate of capability utilization was 77.8 percent.
Production was 1,776,000 net tons in the week ending March 2, 2023 while the capability utilization then was 79.5 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 March 2, 2024 was 14,859,000 net tons, at a capability utilization rate of 75.5 percent. That is down 3.8 percent from the 15,450,000 net tons during the same period last year, when the capability utilization rate was 78.1 percent.