For the week ending August 22, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,742,000 net tons of raw steel, a 1.5 percent decrease over the previous week and a 9.7 percent decrease over the same week one year ago. The estimated capacity utilization rate is 72.9 percent, down from 73.9 percent last week and down from 80.2 percent this time last year.
Estimated total raw steel produced for 2015 YTD is reported to be 57,513,000 tons, down 7.8 percent from the 62,408,000 tons produced during the same period in 2014. The average capacity utilization rate for 2015 YTD is estimated to be 72.6 percent, down from 78.0 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 217,000 tons, down 6,000 tons. Great Lakes at 660,000 tons, up 13,000 tons. Midwest at 205,000 tons, down 6,000 tons. South at 573,000 tons, down 24,000 tons. West at 87,000 tons, down 3,000 tons. Total production was 1,742,000 tons, down 26,000 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
Latest in Steel Products Prices North America
SMU Price Ranges: Sheet Slips Again on Strike, But Is a Bottom in Sight?
Sheet prices slipped again this week on news of the United Auto Workers (UAW) strike and continued caution among some consumers.
HRC vs. Galv Price Spread Widened This Summer
The spread between hot-rolled coil (HRC) and galvanized sheet base prices widened throughout the summer as hot rolled prices declined faster than those of galvanized.
SMU Price Ranges: Sheet Slips Again on UAW Strike Fears
Sheet prices fell across the board ahead of what many market participants predict will be a strike by the United Auto Workers (UAW) later this week.
Nucor Lowers Plate Prices by $40/t
Nucor Corp. will lower plate prices by $40 per ton ($2 per cwt) with the opening of its October order book.
SMU Price Ranges: Sheet Prices Move Lower, No Bottom Yet
Sheet prices have fallen this week, after a small pause last week when prices saw mixed results. Tags have now been largely trending lower since July.