Prices
January 31, 2017
Slight Uptick in Weekly Raw Steel Production
Written by Brett Linton
For the week ending January 28, 2017, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,736,000 net tons of raw steel, a 1.9 percent increase over the previous week and a 8.0 percent increase over the revised rate from the same week one year ago. The estimated capacity utilization rate for steel production is 73.3 percent, up from 71.8 percent last week and up from 68.7 percent this time last year.
Estimated total raw steel produced for 2017 YTD is reported to be 6,839,000 tons, up 6.4 percent from the 6,428,000 tons produced during the same period in 2016. The average capacity utilization rate for 2017 YTD is estimated to be 72.1 percent, up from 68.7 for 2016 YTD.
