Steel Products Prices North America

Weekly Raw Steel Production Drops 2.1%

Written by Brett Linton

For the week ending November 30, 2013, the American Iron & Steel Institute (AISI) reported that the U.S. steel industry produced 1,812,000 net tons of raw steel, a 2.1 percent decrease over the previous week but a 3.9 increase over the same week one year ago. The estimated capacity utilization rate is 75.6 percent, down from 77.2 percent last week but up from 70.1 percent last year.

This is the lowest production rate since the week of March 23, 2013, when production was at 1,809,000 NT.

Estimated total raw steel produced for 2013 YTD is reported to be 88,705,000 NT, down 1.6 percent from the 90,110,000 NT produced through the same period in 2012. The average capacity utilization rate for 2013 YTD is estimated to be 77.1 percent, up from 75.5 percent for 2012 YTD.

Week-over-week changes per district are as follows: North East at 203,000 net tons, down 11,000 tons. Great Lakes at 692,000 NT, up 16,000 tons. Midwest at 244,000 NT, down 5,000 tons. South at 593,000 NT, down 34,000 tons. West at 80,000 NT, down 4,000 tons. Total production was 1,812,000 NT, down 38,000 tons.

{amchart id=”84″ Weekly Raw Steel Production from AISI}

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