For the week ending July 4, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,684,000 net tons of raw steel, a 2.8 percent decrease over the previous week and a 11.4 percent decrease over the same week one year ago. The estimated capacity utilization rate is 71.2 percent, down from 73.3 percent last week and down from 79.0 percent last year.
Estimated total raw steel produced for 2015 YTD is reported to be 45,254,000 tons, down 7.6 percent from the 48,962,000 tons produced during the same period in 2014. The average capacity utilization rate for 2015 YTD is estimated to be 72.4 percent, down from 77.4 percent for 2014 YTD.
Note that the total production capability figure for Q2 2015 is based on 30,700,000 tons versus 31,300,000 tons for Q2 2014 and 30,400,000 tons for Q1 2015.
Week-over-week changes per district are as follows: Northeast at 225,000 tons, down 2,000 tons. Great Lakes at 628,000 tons, up 6,000 tons. Midwest at 204,000 tons, down 5,000 tons. South at 555,000 tons, down 42,000 tons. West at 72,000 tons, down 6,000 tons. Total production was 1,684,000 tons, down 49,000 tons.
SMU Note: Below is a graphic showing the weekly raw steel production history. To use the graphs interactive capabilities, you must view it on our website. You can do this by clicking here. If you need help navigating the website or need to know your login information, contact us at info@SteelMarketUpdate.com or by calling 800-432-3475.
Brett LintonRead more from Brett Linton
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