US steelmaking capability utilization inched down to 74.9% in the week to April 19: AISI

Author Fast Webs<:%20AISI&body=https%3A%2F%2Fplattsconnect.spglobal.com%2F%23platts%2FnewsArticle%3FarticleID%3Df7cfef63-d2ef-4427-be82-2d38258e83d1%0AArticle%20Highlights%3A%0A%0AProduction%20down%200.4%25%20on%20week%0AOutput%20down%200.8%25%20year%20over%20year%0A%0A%0AContinue%20reading%20the%20full%20article%20by%20subscribing%20to%20the%20S%26P%20Global%20Commodity%20Insights%20Platts%20Connect.%20Email%20ci.support%40spglobal.com%20to%20learn%20more%20and%20subscribe”>.> | EN

* Production down 0.4% on week
* Output down 0.8% year over year

US raw steel mill utilization rates fell to 74.9% in the week ended April 19, down from 75.2% the previous week, the American Iron and Steel Institute reported April 21.
Production during the week totaled 1.682 million st, down 0.4% from the week ended April 12, when production was 1.689 million st.
Production decreased 0.8% from the corresponding week a year ago, when capability utilization was at 76.3% and production totaled 1.696 million st.
Adjusted year-to-date production through April 19 totaled 25.895 million st, with a capability utilization rate of 74.6%. This is down 1.3% from the 26.229 million st produced in the same period a year ago, when the utilization rate was 75.9%.
Broken down by AISI district, production totaled 130,000 st in the Northeast, 523,000 st in the Great Lakes region, 247,000 st in the Midwest, 716,000 st in the Southern district and 66,000 st in the Western region.
Platts assessed the daily TSI US hot-rolled coil index at $920/st on an ex-works Indiana basis April 7, unchanged on the day and down $5 on the week.
Platts is part of S&P Global Commodity Insights.