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    February 21, 2017

    Weekly Raw Steel Production at 36 Week High

    Written by Brett Linton

    For the week ending February 18, 2017, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,766,000 net tons of raw steel, a 1.6 percent increase over the previous week and a 3.3 percent increase over the revised rate from the same week one year ago. The estimated capacity utilization rate for steel production is 74.6 percent, up from 73.4 percent last week and up from 73.1 percent this time last year.

    The last time weekly raw steel production was this high was the week ending June 11, 2016 when production was 1,779,000 tons and the capacity utilization rate was 76.1 percent. The last time the weekly capacity utilization rate was this high was the week ending July 16, 2016 when production was 1,746,000 tons and the capacity utilization rate was 74.7 percent.

    Brett Linton

    Brett Linton is a digital operations analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

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