In the week ending on March 9, 2024, domestic raw steel production was 1,734,000 net tons while the capability utilization rate was 78.1 percent. Production was 1,718,000 net tons in the week ending March 9, 2023 while the capability utilization then was 76.9 percent. The current week production represents a 0.9 percent increase from the same period in the previous year. Production for the week ending March 9, 2024 is up 1.0 percent from the previous week ending March 2, 2024 when production was 1,716,000 net tons and the rate of capability utilization was 77.3 percent.
Adjusted year-to-date production through March 9, 2024 was 16,593,000 net tons, at a capability utilization rate of 75.8 percent. That is down 3.3 percent from the 17,168,000 net tons during the same period last year, when the capability utilization rate was 77.7 percent.
Broken down by districts, here’s production for the week ending March 9, 2024 in thousands of net tons: North East: 137; Great Lakes: 586; Midwest: 185; Southern: 762 and Western: 64 for a total of 1734.
