Prices
March 17, 2015
Weekly Raw Steel Production Continues to Decline
Written by Brett Linton
The most recent weekly raw steel production data is showing a continuation of the slowing of production at the domestic steel mills. For the week ending March 14, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,623,000 net tons of raw steel, a 1.3 percent decrease over the previous week and a 13.1 percent decrease over the same week one year ago. The estimated capacity utilization rate is 68.7 percent, down from 69.6 percent last week and down from 77.7 percent last year.
Raw steel production is the lowest level seen since the week ending November 6, 2010 when production was 1,615,000 tons and the capacity utilization rate was 66.8 percent. The latest capacity utilization rate is the lowest seen since the week ending October 25, 2012 when it was 67.9 percent and production was at 1,679,000 tons.
