Weekly Raw Steel Production Hovering Around 1.6 Million Tons

For the week ending November 26, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,598,000 net tons of raw steel, a 0.5 percent decrease over the previous week but a 6.5 percent increase over the same week one year ago. The estimated capacity utilization rate is 67.4 percent, down from 67.7 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 79,911,000 tons, down 1.3 percent from the 80,988,000 tons produced during the same period in 2015. The average capacity utilization rate for 2016 YTD is estimated to be 71.0 percent, up from 70.9 for 2015 YTD.