Steel Products Prices North America
Weekly Raw Steel Production Below 1.8 Million Tons
Written by Brett Linton
July 28, 2015
For the week ending July 25, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,740,000 net tons of raw steel, a 0.7 percent decrease over the previous week and a 9.1 percent decrease over the same week one year ago. The estimated capacity utilization rate is 72.8 percent, down from 73.3 percent last week and down from 79.6 percent last year.
Estimated total raw steel produced for 2015 YTD is reported to be 50,487,000 tons, down 7.7 percent from the 54,704,000 tons produced during the same period in 2014. The average capacity utilization rate for 2015 YTD is estimated to be 72.5 percent, down from 77.6 percent for 2014 YTD.
Note that the total production capability figure for Q3 2015 is approximately 31.4 million tons versus 31.6 million tons for the same period last year and 30.7 million tons for the Q2 2015.
Week-over-week changes per district are as follows: Northeast at 206,000 tons, down 19,000 tons. Great Lakes at 648,000 tons, up 25,000 tons. Midwest at 204,000 tons, down 4,000 tons. South at 596,000 tons, down 15,000 tons. West at 86,000 tons, unchanged. Total production was 1,740,000 tons, down 13,000 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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