According to the American Iron and Steel Institute (AISI), the week ending on December 28, 2024, US domestic raw steel production was 1.658 million net tons while the capacity utilization rate was 74.7 percent.
Production for the week ending on December 28, 2024, is down 1.9 percent from the previous week ending December 21, 2024, when production was 1.690 million net tons and the rate of capacity utilization was 76.1 percent.
Production was 1.705 million net tons in the week ending December 28, 2023, while the capacity utilization was 74.2 percent. The current week production represents a 2.8 percent decrease from the same period in the previous year.
Adjusted year-to-date production through December 28, 2024, was 87.049 million net tons, at a capacity utilization rate of 75.6 percent. That is down 2.5 percent from the 89.243 million net tons during the same period last year, when the capacity utilization rate was 76.0 percent.