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

US crude steel production for the week ending on March 7, 2020, decreased by 1pc to 1.903mn nt with a capacity utilization rate of 81.6pc from 1.923mn nt and a utilization rate of 82.5pc. Compared to the same week a year ago, production decreased by 0.5pc with a utilization rate of 82.2pc, according to the latest data from the American Iron and Steel Institute (AISI).


Adjusted year-to-date production was 18.253mn nt at a capability utilization rate of 81.8pc, up 0.6pc from the 18.141mn nt during the same period last year, when the capability utilization rate was 81.6pc.


Regionally, the Great Lakes and Midwest declined 5pc compared to the same period last year as they hit 687,000nt and 202,000nt respectively this year. Production in the East increased by 2pc to 237,000nt, and rose in the South by 1pc to 704,000nt. Crude steel output in the West decreased by 3pc to 73,000nt. 


Weekly steel production data provided by AISI are compiled from weekly production tonnage provided from 50pc of the domestic producers combined with monthly production data for the remainder.

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