Steel Products Prices North America
Slight Uptick in Weekly Raw Steel Production
Written by Brett Linton
October 21, 2014
For the week ending October 18th, 2014, the American Iron & Steel Institute (AISI) estimated that the U.S. steel industry produced 1,822,000 net tons (NT) of raw steel, a 1.0 percent increase over the previous week but a 0.5 percent decrease over the same week one year ago. The estimated capacity utilization rate is 75.7 percent, up from 75.0 percent last week but down from 76.5 percent last year.
Estimated total raw steel produced for 2014 YTD is reported to be 77,063,000 tons, up 0.5 percent from the 76,689,000 tons produced during the same period in 2013. The average capacity utilization rate for 2014 YTD is estimated to be 77.1 percent, up from 77.0 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 211,000 tons, down 3,000 tons. Great Lakes at 670,000 tons, up 7,000 tons. Midwest at 222,000 tons, down 9,000 tons. South at 630,000 tons, up 25,000 tons. West at 89,000 tons, down 2,000 tons. Total production was 1,822,000 tons, up 18,000 tons.
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{amchart id=”84″ Weekly Raw Steel Production from AISI}
Brett Linton
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