Prices
July 14, 2015
Weekly Raw Steel Production Still Weak
Written by Brett Linton
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.
