U.S. weekly crude steel production sees yearly decline, weekly increase

In the week ending October 12, U.S. crude steel production totaled 1,620,000 net tons, representing a 2,6% decrease compared to the same period in 2023, when production stood at 1,664,000 net tons. The capability utilization rate for the week was 72,9%, slightly up from 72,4% in the corresponding week of the previous year.

Despite the yearly decline, week-over-week production saw a slight increase. For the week ending October 5, production was 1,606,000 net tons, with a capability utilization rate of 72,3%. This marks a 0,9% increase in production for the week ending October 12.

Year-to-date production through October 12, reached 69,438,000 net tons, with a capability utilization rate of 76,5%. This is a 1,7% decrease compared to the same period in 2023, when total production was 70,673,000 net tons and the capability utilization rate was 76,4%.