Prices
October 27, 2015
Weekly Raw Steel Production Below 1.7 Million Tons
Written by Brett Linton
For the week ending October 24, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,667,000 net tons of raw steel, a 0.5 percent decrease over the previous week and a 9.4 percent decrease over the same week one year ago. The estimated capacity utilization rate is 69.7 percent, down from 70.1 percent last week and down from 76.5 percent this time last year.
The last time raw production was this low was the week ending May 9, 2015 with 1,665,000 tons produced at a capacity utilization rate of 70.4 percent. The last time the capacity utilization rate was this low was the week ending April 11, 2015 when 1,621,000 tons were produced at a capacity utilization rate of 68.6 percent.
