According to data of AISI, in the week ending on November 5, 2022, US domestic raw steel production was 1,640,000 net tons while the capability utilization rate was 73.5 percent. Production was 1,828,000 net tons in the week ending November 5, 2021 while the capability utilization then was 82.8 percent. The current week production represents a 10.3 percent decrease from the same period in the previous year. Production for the week ending November 5, 2022 is down 1.4 percent from the previous week ending October 29, 2022 when production was 1,663,000 net tons and the rate of capability utilization was 74.5 percent.

 

Adjusted year-to-date production through November 5, 2022 was 76,347,000 net tons, at a capability utilization rate of 78.9 percent. That is down 4.8 percent from the 80,220,000 net tons during the same period last year, when the capability utilization rate was 81.2 percent.

 

Broken down by districts, here’s production for the week ending November 5, 2022 in thousands of net tons: North East: 145; Great Lakes: 529; Midwest: 182; Southern: 716 and Western: 68 for a total of 1640. AISI