Steel Products Prices North America
Weekly Raw Steel Production Remains Below 1.7 Million Ton Level
Written by Brett Linton
March 1, 2016
For the week ending February 27, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,692,000 net tons of raw steel, a 0.4 percent decrease over the previous week and a 0.8 percent decrease over the same week one year ago. The estimated capacity utilization rate is 72.4 percent, down from 72.7 percent last week and unchanged from 72.4 percent this time last year (note that the capacity utilization rates in 2016 are based on new lower total capabilities with the removal of US Steel Fairfield from the mix.)
Estimated total raw steel produced for 2016 YTD is reported to be 14,792,000 tons, down 6.6 percent from the 15,844,000 tons produced during the same period in 2015. The average capacity utilization rate for 2016 YTD is estimated to be 69.5 percent, down from 74.4 percent for 2015 YTD.
Note that the AISI estimates capability for Q1 2016 to be 30.5 million tons versus 30.4 million tons for the same period last year and 31.4 million tons for the Q4 2015.
Week-over-week changes per district are as follows: Northeast at 202,000 tons, up 2,000 tons. Great Lakes at 638,000 tons, up 8,000 tons. Midwest at 189,000 tons, down 2,000 tons. South at 581,000 tons, down 14,000 tons. West at 82,000 tons, down 1,000 tons. Total production was 1,692,000 tons, down 7,000 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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