US steelmaking capability utilization inched down to 74.9%25 on week to March 15_ AISI
Author Fast Webs<.>, <.>
* Production down 0.2% on week
* Output down 1.7% year over year
US raw steel mill utilization rates dipped to 74.9% in the week ended March 15 down from 75.0% the previous week, the American Iron and Steel Institute reported March 17.
Production during the week totaled 1.667 million st, down 0.2% from the week ended March 8 when production was 1.671 million st.
Production decreased 1.7% from the corresponding week a year ago, when capability utilization was at 76.4% and production totaled 1.696 million st.
Adjusted year-to-date production through March 15 totaled 17.517 million st, with a capability utilization rate of 74.4%. This is down 1.3% from the 17.751 million st produced in the same period a year ago when the utilization rate was 75.8%.
Broken down by AISI district, production totaled 120,000 st in the Northeast, 475,000 st in the Great Lakes region, 240,000 st in the Midwest, 771,000 st in the Southern district and 61,000 st in the Western region.
Platts assessed the daily TSI US hot-rolled coil index at $950/st on an ex-works Indiana basis March 17, unchanged on the day and up $10 on the week.
Platts is part of S&P Global Commodity Insights.