Steel Products Prices North America

Weekly Raw Steel Production at 4 Month Low

Written by Brett Linton

August 23, 2016

For the week ending August 20, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,655,000 net tons of raw steel, a 1.8 percent decrease over the previous week and a 4.1 percent decrease over the same week one year ago. The estimated capacity utilization rate is 70.8 percent, down from 72.1 percent last week and down from 72.2 percent this time last year.

The last time raw steel production was this low was the week ending April 2, 2016 when 1,650,000 tons were produced at a capacity utilization rate of 70.6 percent.

Estimated total raw steel produced for 2016 YTD is reported to be 57,621,000 tons, down 1.1 percent from the 58,253,000 tons produced during the same period in 2015. The average capacity utilization rate for 2016 YTD is estimated to be 72.5 percent, up from 72.3 percent for 2015 YTD.

Week-over-week changes per district are as follows: Northeast at 205,000 tons, up 2,000 tons. Great Lakes at 651,000 tons, down 24,000 tons. Midwest at 161,000 tons, down 3,000 tons. South at 568,000 tons, down 7,000 tons. West at 70,000 tons, up 2,000 tons. Total production was 1,655,000 tons, down 30,000 tons.

About Weekly Raw Steel Production Data

The weekly raw steel production tonnage provided by the AISI is estimated. The figures are compiled from weekly production tonnage provided by 50 percent of the domestic producers combined with monthly production data for the remainder. Therefore, this report should be used primarily to assess production trends. The monthly AISI production report provides a more detailed summary of steel production based on data supplied by companies representing over 75 percent of U.S. production capacity.

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

Brett Linton is a senior analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

Read more from Brett Linton

Latest in Steel Products Prices North America