Prices
May 20, 2014
Weekly Raw Steel Production: An Analysis
Written by Brett Linton
For the week ending May 17, 2014, the American Iron & Steel Institute (AISI) reported that the U.S. steel industry produced 1,838,000 net tons (NT) of raw steel, a 0.3 percent decrease over the previous week but a 0.3 percent increase over the same week one year ago. The estimated capacity utilization rate is 76.4 percent, down from 76.6 percent last week and down from 76.5 percent last year.
Looking back at weekly production reports from one year ago, production averaged 1,880,000 tons in the month of May 2013, significantly higher than the 1,832,000 ton level we have seen for May 2014 so far.
