[Ferro-Alloys.com] In the week ending on September 7, 2019, domestic raw steel production was 1,835,000 net tons while the capability utilization rate was 78.8 percent. Production was 1,866,000 net tons in the week ending September 7, 2018 while the capability utilization then was 79.6 percent. The current week production represents a 1.7 percent decrease from the same period in the previous year. Production for the week ending September 7, 2019 is down 0.8 percent from the previous week ending August 31, 2019 when production was 1,850,000 net tons and the rate of capability utilization was 79.5 percent.
The American Iron and Steel Institute (AISI) reported on September 9 that for the month of July 2019, U.S. steel mills shipped 8,115,103 net tons, a 5.1 percent increase from the 7,718,499 net tons shipped in the previous month, June 2019, and a 2.6 percent increase from the 7,911,228 net tons shipped in July 2018. Shipments year-to-date in 2019 are 56,338,348 net tons, a 2.0 percent increase vs. 2018 shipments of 55,215,285 net tons for seven months.
Secondary steel producers, which account for almost 60% of India’s steel industry, and mid and smallscale plants are cutting back on output to cope with a demand slump at home.