For the week ending August 24, 2013, the American Iron & Steel Institute (AISI) reported that the U.S. steel industry produced 1,861,000 net tons of raw steel, a 0.9 percent decrease over the previous week and a 1.9 decrease over the same week one year ago. The estimated capacity utilization rate is 77.7 percent, down from 78.4 percent last week but up from 76.3 percent last year.
Estimated total raw steel produced for 2013 YTD is reported to be 62,853,000 NT, down 4.4 percent from the 65,742,000 NT produced through the same period in 2012. The average capacity utilization rate for 2013 YTD is estimated to be 77.1 percent, down from 77.8 percent for 2012 YTD. SMU advises our readers that since last year’s comparison is against different tonnage capacity, you are better served to compare tonnage production as done in the graphic provided above.
Week-over-week changes per district are as follows: North East at 213,000 net tons, down 6,000 tons. Great Lakes at 604,000 NT, down 13,000 tons. Midwest at 244,000 NT, down 1,000 tons. South at 707,000 NT, down 2,000 tons. West at 93,000 NT, up 5,000 tons. Total production was 1,861,000 NT, down 17,000 tons.
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