Prices
Weekly Raw Steel Production Back Below 1.6 Million Tons
Written by Brett Linton
November 15, 2016
For the week ending November 12, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,580,000 net tons of raw steel, a 1.4 percent decrease over the previous week but a 5.3 percent increase over the same week one year ago. The estimated capacity utilization rate is 66.6 percent, down from 67.5 percent last week but up from 62.7 percent this time last year.
Estimated total raw steel produced for 2016 YTD is reported to be 76,707,000 tons, down 1.6 percent from the 77,988,000 tons produced during the same period in 2015. The average capacity utilization rate for 2016 YTD is estimated to be 71.2 percent, up from 70.9 for 2015 YTD.
Week-over-week changes per district are as follows: Northeast at 198,000 tons, up 5,000 tons. Great Lakes at 599,000 tons, down 13,000 tons. Midwest at 154,000 tons, unchanged. South at 560,000 tons, down 10,000 tons. West at 69,000 tons, down 4,000 tons. Total production was 1,580,000 tons, down 22,000 tons.
Note that the AISI estimates capability for Q4 2016 at approximately 31.2 million tons compared to 31.4 million tons for the same period last year and 30.7 million tons for Q3 2016.
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
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