Steel Products Prices North America

Weekly Raw Steel Production Down 1%

Written by Brett Linton

For the week ending August 2, 2014, the American Iron & Steel Institute (AISI) reported that the U.S. steel industry produced 1,901,000 net tons (NT) of raw steel, a 1.0 percent decrease over the previous week but a 2.4 percent increase over the same week one year ago. The estimated capacity utilization rate is 79.0 percent, down from 79.8 percent last week but up from 77.4 percent last year.

Estimated total raw steel produced for 2014 YTD is reported to be 56,448,000 tons, up 0.4 percent from the 56,242,000 tons produced during the same period in 2013. The average capacity utilization rate for 2014 YTD is estimated to be 76.8 percent, unchanged from 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 240,000 tons, up 4,000 tons. Great Lakes at 693,000 tons, up 18,000 tons. Midwest at 240,000 tons, up 1,000 tons. South at 640,000 tons, down 41,000 tons. West at 88,000 tons, down 1,000 tons. Total production was 1,901,000 tons, down 19,000 tons.

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

Brett Linton

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