Midwest, south lead US steel production up

Market: Metals
13/11/24

US steel production rose by 1.2pc in the week ended 9 November as higher Midwestern and southern production led increases.

Output rose to 1.65mn short tons (st) in the latest week from 1.63mn st the week prior, while the utilization rate rose by nearly 1 percentage point to 74.2pc.
Production was 2.3pc lower than the 1.69mn st produced in the same week a year prior, when the utilization rate was 73.4pc.
Year-to-date production of 75.76mn st is down from the 77.36mn st in the same period the year prior.
The year-to-date utilization rate was 76pc, little changed from a year earlier.
Regionally, production increased in the Great Lakes, Midwest, south, and west, while production fell in the northeast.

By Rye Druzchetta

US weekly steel production					000st
Production	Week of 9 Nov 2024	Week of 2 Nov 2024		±%	Week of 9 Nov 2023
Total	1,649	1,629	20	1.2%	1,687
Utilization rate %	74.2	73.3	1	0.9	73.4
Year-to-date	75,760	74,111	1,649	2.2%	77,360
Regions
Northeast	124	128	-4	-3.1%	131
Great Lakes	594	592	2	0.3%	552
Midwest	194	186	8	4.3%	176
South	684	671	13	1.9%	755
West	53	52	1	1.9%	69
— American Iron and Steel Institute
AISI's raw steel production tonnage is estimated and compiled using weekly data provided by 50pc of domestic producers and monthly data from the remainder

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