U.S. Steel Capacity Utilization | October

For the week ending October 31, total raw steel production was 1.747 million net tons, with a capacity utilization rate of 76.3%.
Year-to-date output reached 74.183 million net tons, averaging 76.7% capacity utilization. In comparison, during the same period in 2024, output totaled 73.629 million net tons at an average utilization rate of 77.1%.

Capacity utilization and production both strengthened in early 2023, continuing the upward trend that began after late-2022 lows.

At Gerdau, we closely monitor U.S. steel production and capacity utilization as key indicators of industry health. Tracking these trends helps us evaluate demand conditions, import competition, and the broader strength of the U.S. economy, which all play critical roles in shaping steel market dynamics.