Steel Products Prices North America

Weekly Raw Steel Production Drops by 2.2%

Written by Brett Linton

September 1, 2015

For the week ending August 29, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,703,000 net tons of raw steel, a 2.2 percent decrease over the previous week and a 11.8 percent decrease over the same week one year ago. The estimated capacity utilization rate is 71.2 percent, down from 72.9 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 59,216,000 tons, down 8.0 percent from the 64,338,000 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 193,000 tons, down 24,000 tons. Great Lakes at 643,000 tons, down 17,000 tons. Midwest at 209,000 tons, up 4,000 tons. South at 570,000 tons, down 3,000 tons. West at 88,000 tons, up 1,000 tons. Total production was 1,703,000 tons, down 39,000 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

Brett Linton is a senior analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

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