Prices
February 7, 2017
Weekly Raw Steel Production Steady at 1.7 Million Tons
Written by Brett Linton
For the week ending February 4, 2017, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,723,000 net tons of raw steel, a 0.7 percent decrease over the previous week but a 3.5 percent increase over the revised rate from the same week one year ago. The estimated capacity utilization rate for steel production is 72.7 percent, down from 73.3 percent last week but up from 71.2 percent this time last year.
Estimated total raw steel produced for 2017 YTD is reported to be 8,562,000 tons, up 5.8 percent from the 8,094,000 tons produced during the same period in 2016. The average capacity utilization rate for 2017 YTD is estimated to be 72.2 percent, up from 68.9 for 2016 YTD.
