According to the American Iron and Steel Institute (AISI), in the week ending on May 27, 2023, US domestic raw steel production was 1,737,000 net tons while the capability utilization rate was 77.2 percent.
Production for the week ending May 27, 2023 is up 0.5 percent from the previous week ending May 20, 2023 when production was 1,728,000 net tons and the rate of capability utilization was 76.8 percent.
Production was 1,771,000 net tons in the week ending May 27, 2022 while the capability utilization then was 81.1 percent. The current week production represents a 1.9 percent decrease from the same period in the previous year.
Adjusted year-to-date production through May 27, 2023 was 35,352,000 net tons, at a capability utilization rate of 75.1 percent. That is down 3.9 percent from the 36,774,000 net tons during the same period last year, when the capability utilization rate was 80.5 percent.