According to the American Iron and Steel Institute (AISI), in the week ending on January 20, 2024, US domestic raw steel production was 1,682,000 net tons while the capability utilization rate was 75.7 percent.
Production for the week ending January 20, 2024 is down 1.0 percent from the previous week ending January 13, 2024 when production was 1,699,000 net tons and the rate of capability utilization was 76.5 percent.
Production was 1,697,000 net tons in the week ending January 20, 2023 while the capability utilization then was 75.9 percent. The current week production represents a 0.9 percent decrease from the same period in the previous year.
Adjusted year-to-date production through January 20, 2024 was 4,844,000 net tons, at a capability utilization rate of 76.3 percent. That is up 0.2 percent from the 4,835,000 net tons during the same period last year, when the capability utilization rate was 75.9 percent.