In the week ending on October 15, 2022, according to data of AISI, US domestic raw steel production was 1,688,000 net tons while the capability utilization rate was 75.7 percent. Production was 1,836,000 net tons in the week ending October 15, 2021 while the capability utilization then was 83.2 percent. The current week production represents a 8.1 percent decrease from the same period in the previous year. Production for the week ending October 15, 2022 is up 0.5 percent from the previous week ending October 8, 2022 when production was 1,680,000 net tons and the rate of capability utilization was 75.3 percent.

 

Adjusted year-to-date production through October 15, 2022 was 71,395,000 net tons, at a capability utilization rate of 79.3 percent. That is down 4.4 percent from the 74,719,000 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 October 15, 2022 in thousands of net tons: North East: 141; Great Lakes: 556; Midwest: 184; Southern: 739 and Western: 68 for a total of 1688.