US steel production decreased

The American Iron and Steel Institute (AISI) reported a 2.2% increase in U.S. crude steel production for the week ending September 9, 2023, compared to 1.684 million short tons in 2022.

However, steel production decreased by 0.5% in the previous week. The capacity utilization rate of U.S. steel mills was 75.7% in the week, compared to 76% in the previous week and 76.4% in the same week last year. From the beginning of 2023 through September 9, the U.S. produced 61.565 million short tons of crude steel, a 1.7% decrease from the same period in 2022. The capacity utilization rate for the period was 76% compared to 79.4% a year earlier.

The Northeastern states produced 132,000 short tons, the Great Lakes produced 555,000, the Midwest produced 219,000, the Southern states produced 744,000, and the Western states produced 71,000 short tons.