Production in the two largest steel-producing regions in the US, the Great Lakes and the South, picked up last week, boosting the country's overall steel output, American Iron and Steel Institute data published Monday showed.
In the week ended Saturday, US steel mills produced 1.88 million st of raw steel, up 1.6% from 1.85 million st made in the prior week. The industry's capability utilization rose to 78.2% from 76.9%. Steel output last week was up 3.1% from the same week last year, when US mills made 1.824 million st of steel, operating at 76.1% of their capability.
Great Lakes steel mills produced 665,000 st of steel last week, up 2.6% from 648,000 st the week before. Southern mills produced 657,000 st, up 3% from 638,000 st.
Midwestern mills produced 1.2% less steel week on week, as production dropped to 243,000 st from 246,000 st. Northeast steel mills made 226,000 st of steel last week, down 1.3% from 229,000 st.
Western steel mill output held flat at 89,000 st.
Year-to-date steel production is down 0.1% from the same period last year. US mills produced 45.12 million st of steel through Saturday, compared with 45.16 million st made in the same time last year. Average capability utilization in 2014 has been 76.4%, compared with 76.7% at the same point last year.
AISI determines its weekly raw steel production data based on weekly data from 50% of the domestic industry and estimates the rest using monthly production data.
source: Platts
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