US steelmaking capability utilization climbs to 77.5%25 on the week ended May 10_ AISI
Author Fast Webs<:%20AISI&body=https%3A%2F%2Fplattsconnect.spglobal.com%2F%23platts%2FnewsArticle%3FarticleID%3D1d9c74b2-6cc4-46ac-86bb-5bf8834c8a88%0AArticle%20Highlights%3A%0A%0AProduction%20climbs%200.9%25%20week%20over%20week%0AOutput%20rises%201.8%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 climbs 0.9% week over week
* Output rises 1.8% year over year
US raw steel mill utilization rates climbed to 77.5% in the week ended May 10 from 76.8% the previous week, the American Iron and Steel Institute reported May 12.
Production during the week totaled 1.740 million st, up 0.9% from 1.725 million st the week ended May 3.
Production rose 1.8% from the corresponding week a year ago, when capability utilization was at 76.9% and production totaled 1.709 million st.
Adjusted production from Jan. 1 through May 10 totaled 31.066 million st, with a capability utilization rate of 74.9%. This is down 0.9% from the 31.334 million st produced in the same period a year ago, when the utilization rate was 76.1%.
Broken down by AISI district, production totaled 133,000 st in the Northeast, 552,000 st in the Great Lakes region, 241,000 st in the Midwest, 747,000 st in the Southern district, and 67,000 st in the Western region.
Platts, is part of S&P Global Commodity Insights, assessed the daily TSI US hot-rolled coil index at $895/st on an ex-works Indiana basis May 10, unchanged from its previous assessment.