Prices
March 24, 2015
Weekly Raw Steel Production: First Uptick in 7 Weeks
Written by Brett Linton
The most recent weekly raw steel production data is showing a slight rise in production following 7 consecutive declining weeks previous to this data being released. For the week ending March 21, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,639,000 net tons of raw steel, a 1.0 percent increase over the previous week but a 12.3 percent decrease over the same week one year ago. The estimated capacity utilization rate is 69.3 percent, up from 68.7 percent last week but down from 77.7 percent last year.
Estimated total raw steel produced for 2015 YTD is reported to be 19,917,000 tons, down 5.1 percent from the 20,980,000 tons produced during the same period in 2014. The average capacity utilization rate for 2015 YTD is estimated to be 73.7 percent, down from 77.1 percent for 2014 YTD.
