[Ferro-Alloys.com] Global crude steel production reached 1,869.9 million tonnes (Mt) for the year 2019, up by 3.4% compared to 2018. Crude steel production contracted in all regions in 2019 except in Asia and the Middle East.
The American Iron and Steel Institute (AISI) reported on February 10 that for the month of December 2019, U.S. steel mills shipped 8,021,250 net tons, a 4.6 percent increase from the 7,665,006 net tons shipped in the previous month, November 2019, and a 2.8 percent increase from the 7,804,093 net tons shipped in December 2018. Shipments for 2019 are 96,178,278 net tons, a 0.9 percent increase vs. 2018 full year shipments of 95,279,566.
In the week ending on February 8, 2020, US domestic raw steel production was 1,899,000 net tons while the capability utilization rate was 81.4 percent. Production was 1,917,000 net tons in the week ending February 8, 2019 while the capability utilization then was 82.4 percent. The current week production represents a 0.9 percent decrease from the same period in the previous year. Production for the week ending February 8, 2020 is down 0.8 percent from the previous week ending February 1, 2020 when production was 1,914,000 net tons and the rate of capability utilization was 82.1 percent.