Steel Products Prices North America

Weekly Raw Steel Production Improves

Written by Brett Linton

For the week ending April 19, 2014, the American Iron & Steel Institute (AISI) reported that the U.S. steel industry produced 1,808,000 net tons (NT) of raw steel, a 1.3 percent increase over the previous week but a 1.6 percent decrease over the same week one year ago. The estimated capacity utilization rate is 75.2 percent, up from 74.2 percent last week but down from 76.7 percent last year. This is in spite of the continued problems plaguing US Steel and production at Gary Works (50-75 percent of steelmaking capacity) and Great Lakes (steelmaking capacity is shut down).

Estimated total raw steel produced for 2014 YTD is reported to be 28,439,000 NT, down 0.9 percent from the 28,687,000 NT produced through the same period in 2013. The average capacity utilization rate for 2014 YTD is estimated to be 76.1 percent, down from 76.9 percent for 2013 YTD. Note that there has been a change in production capability for 2014- comparisons between 2013 and 2014 capacity utilization rates are against different production levels, so the total tonnage figures are best suited for yearly comparisons.

Week-over-week changes per district are as follows: North East at 207,000 net tons, down 17,000 tons. Great Lakes at 589,000 NT, up 20,000 tons. Midwest at 238,000 NT, up 5,000 tons. South at 682,000 NT, up 11,000 tons. West at 92,000 NT, up 4,000 tons. Total production was 1,808,000 NT, up 23,000 tons.

SMU Note: You can view the interactive graphic below when you are logged into the website and reading the newsletter online. If you have not logged into the website in the past and need a new user name and password we can do that for you out of our office. Contact us at: or by calling 800-432-3475. If you need help navigating the website we would also be very happy to assist you.

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

Brett Linton

Read more from Brett Linton

Latest in Steel Products Prices North America