Weekly Raw Steel Production: Slight Drop to 1.74 Million Tons

For the week ending July 1, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,737,000 net tons of raw steel, a 1.1 percent decrease over the previous week and a 1.2 percent decrease over the same week one year ago. The estimated capacity utilization rate is 74.3 percent, down from 75.1 percent last week but up from 74.1 percent this time last year.

Estimated total raw steel produced for 2016 YTD is reported to be 45,742,000 tons, down 0.7 percent from the 46,072,000 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.