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

US raw steel production increased by 46.3pc to 1.84mn nt (1.67mn mt) for the week ended Jun 5from 1.26mn nt in the same week last year with a capacity utilization rate of 82.3pc, according to the American Iron and Steel Institute (AISI).


Compared to last week, output inched up by 0.2pc from 1.836mn nt and a capacity utilization rate of 81.5pc.


Production increased by 12.1pc to 39.55mn nt at a capacity utilization rate of 78.3pc between Jan 1 and Jun 5 from 35.29mn nt during the same year-to-date period last year, as capacity utilization averaged around 69.5pc. Regionally, compared to the same week a year ago, production increased in the Northeast by 23pc to 139,000nt, in the Great Lakes region by 57pc to 646,000nt, in the Midwest by 65pc to 193,000nt, in the South by 57.4pc to 787,000nt and in the West by 39pc to 75,000nt.


Compared to last week production increased in all regions except Midwest and South where output declined by 3.1pc and 0.75pc from 187,000nt and 793,000nt, respectively. Production increased in the North East by 5.7pc from 147,000nt, in the Great Lakes by 1.73pc from 635,000nt, and in the West by 1.35pc from 74,000nt. 


The estimated crude steel tonnage provided by AISI is compiled by combining weekly production figures from 50pc of domestic producers and monthly production data.

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