Prices
May 31, 2016
Weekly Raw Steel Production Rises to 16 Month High
Written by Brett Linton
For the week ending May 28, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,775,000 net tons of raw steel, a 1.1 percent increase over the previous week and a 4.2 percent increase over the same week one year ago. The estimated capacity utilization rate is 75.9 percent, up from 75.1 percent last week and up from 72.1 percent this time last year.
The last time raw production was this high was the week ending January 31, 2015 when 1,782,000 tons were produced at a capacity utilization rate of 75.4 percent. The last time the capacity utilization rate was this high was the week ending January 24, 2015 when 1,825,000 tons were produced at a capacity utilization rate of 75.9 percent
