Prices
June 21, 2016
Weekly Raw Steel Production Slows After Last Week's High
Written by Brett Linton
For the week ending June 18, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,750,000 net tons of raw steel, a 1.6 percent decrease over the previous week and a 0.6 percent decrease over the same week one year ago. The estimated capacity utilization rate is 74.8 percent, down from 76.1 percent last week but up from 74.4 percent this time last year.
Estimated total raw steel produced for 2016 YTD is reported to be 42,305,000 tons, down 0.6 percent from the 42,555,000 tons produced during the same period in 2015. The average capacity utilization rate for 2016 YTD is estimated to be 72.4 percent, up from 72.1 percent for 2015 YTD.
