Steel Products Prices North America

Weekly Raw Steel Production Drops

December 2, 2014

For the week ending November 29, 2014, the American Iron & Steel Institute (AISI) estimated that the U.S. steel industry produced 1,835,000 net tons (NT) of raw steel, a 2.5 percent decrease over the previous week but a 0.5 percent increase over the same week one year ago. The estimated capacity utilization rate is 76.3 percent, down from 78.2 percent last week but up from 76.2 percent last year.

Estimated total raw steel produced for 2014 YTD is reported to be 88,123,000 tons, up 0.5 percent from the 87,658,000 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 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 229,000 tons, down 12,000 tons. Great Lakes at 655,000 tons, down 22,000 tons. Midwest at 231,000 tons, down 11,000 tons. South at 634,000 tons, down 9,000 tons. West at 86,000 tons, up 7,000 tons. Total production was 1,835,000 tons, down 47,000 tons.

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