9,374.20 TL BIST 100 BIST 100
31.06 $ USD USD
€33.62 EUR EUR
26,590.00 TL Interest Interest
81.25 $ Fossil Oil Fossil Oil
22.84 $ Silver Silver
3.88 $ Copper Copper
118.72 $ Iron Ore Iron Ore
394.00 $ Ship Dismantling Ship Dismantling
2,032.54 TL Gold (gr) Gold (gr)

US crude steel production rises on a weekly basis

According to data from the American Iron and Steel Institute (AISI), US crude steel production increased slightly in the week ended December 2 compared to the previous week.

US crude steel production rises on a weekly basis

In the week concluding on December 2, the United States witnessed a marginal w-o-w uptick in crude steel production, as reported by the American Iron and Steel Institute (AISI). According to AISI statistics, the production of crude steel in the U.S. reached 1.702 million short tons during this period, marking a modest increase of 0.9% from the preceding week. Moreover, this figure represented a notable rise of 7.1% when compared to the corresponding period from the previous year.

The capacity utilization rate for the same week was recorded at 74.1%, reflecting a 0.7% w-o-w surge and a 2.9% y-o-y increase.

As of the week concluding on December 2, the year-to-date production of U.S. crude steel, when adjusted, reached approximately 81.94 million short tons. This signifies a slight y-o-y decline of 0.3%. Simultaneously, the capacity utilization rate stood at 75.5%, indicating a 2.6% decrease compared to the same period in the previous year. Industry analysts are closely monitoring these trends as the steel sector navigates the challenges and opportunities within the current economic landscape.


No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

India's steel exports soar amid EU demand and global trends

Monday, February 26, 2024

Scrap prices in Taiwan fall due to global market shifts

Monday, February 26, 2024

Major Merger in Pakistan's Steel Sector

Monday, February 26, 2024

26th February Türkiye wire mesh prices are announced

Monday, February 26, 2024

ÇEMTAŞ aims to reduce carbon emissions by 26% by the end of 2024

Monday, February 26, 2024
Follow List
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.

There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now