Steel Products Prices North America
Weekly Raw Steel Production Above 1.7 Million Tons for Second Week
Written by Brett Linton
January 24, 2017
For the week ending January 21, 2017, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,703,000 net tons of raw steel, a 0.8 percent decrease over the previous week but a 6.0 percent increase over the revised rate from the same week one year ago. The estimated capacity utilization rate for steel production is 71.8 percent, down from 72.3 percent last week but up from 68.7 percent this time last year.
Estimated total raw steel produced for 2017 YTD is reported to be 5,103,000 tons, up 5.8 percent from the 4,821,000 tons produced during the same period in 2016. The average capacity utilization rate for 2017 YTD is estimated to be 71.7 percent, up from 68.7 for 2016 YTD.
Week-over-week changes per district are as follows: Northeast at 205,000 tons, down 11,000 tons. Great Lakes at 648,000 tons, down 19,000 tons. Midwest at 160,000 tons, down 5,000 tons. South at 616,000 tons, up 16,000 tons. West at 74,000 tons, up 6,000 tons. Total production was 1,703,000 tons, down 13,000 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.
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Brett Linton
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