Steel Products Prices North America

Weekly Raw Steel Production at Highest Level Since August 2014

Written by Brett Linton

January 12, 2015

For the week ending January 9, 2015, the American Iron & Steel Institute (AISI) estimated that the U.S. steel industry produced 1,899,000 net tons (NT) of raw steel, a 2.3 percent increase over the previous week and a 4.1 percent increase over the same week one year ago. The estimated capacity utilization rate is 79.0 percent, up from 77.2 percent last week and up from 75.8 percent last year.

This is the highest production level seen since the week ending August 30, 2014 when tonnage production was at 1,913,000 tons. This is the highest capacity utilization figure seen since the week ending August 23, 2014 when the capacity utilization rate was at 80.3 percent.

Estimated total raw steel produced for 2015 YTD is reported to be 2,695,000 tons, up 3.4 percent from the 2,606,000 tons produced during the same period in 2014. The average capacity utilization rate for 2015 YTD is estimated to be 78.4 percent, up from 75.8 percent for 2014 YTD.

Week-over-week changes per district are as follows: Northeast at 228,000 tons, down 2,000 tons. Great Lakes at 671,000 tons, up 11,000 tons. Midwest at 239,000 tons, up 5,000 tons. South at 668,000 tons, up 5,000 tons. West at 93,000 tons, up 23,000 tons. Total production was 1,899,000 tons, up 42,000 tons.

SMU Note: You can view the interactive graphic on weekly raw steel production 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 your username and password, contact us at info@SteelMarketUpdate.com 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

Brett Linton is a senior analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

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