Steel Products Prices North America
Weekly Raw Steel Production Still Weak
Written by Brett Linton
July 14, 2015
For the week ending July 11, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,740,000 net tons of raw steel, a 3.3 percent increase over the previous week but a 9.1 percent decrease over the same week one year ago. The estimated capacity utilization rate is 72.8 percent, up from 71.2 percent last week but down from 79.6 percent last year.
Estimated total raw steel produced for 2015 YTD is reported to be 46,994,000 tons, down 7.6 percent from the 50,876,000 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 77.6 percent for 2014 YTD.
Note that the total production capability figure for Q3 2015 has been adjusted from Q2 2015, but the AISI did not specify these adjustments in their latest report. The Q2 2015 production figure was 30.7 million tons.
Week-over-week changes per district are as follows: Northeast at 218,000 tons, down 7,000 tons. Great Lakes at 633,000 tons, up 5,000 tons. Midwest at 209,000 tons, up 5,000 tons. South at 597,000 tons, up 42,000 tons. West at 83,000 tons, up 11,000 tons. Total production was 1,740,000 tons, up 56,000 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 Linton
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