For the week ending November 15th, total raw steel production was 1.745 million net tons, with a capacity utilization rate of 76.2%.
Year-to-date output reached 79.421 million net tons, averaging 76.7% capacity utilization. In comparison, during the same period in 2024, output totaled 78.530 million net tons at an average utilization rate of 76.9%.

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.