For the week ending April 1, 2017, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,692,000 net tons of raw steel, a 1.9 percent decrease over the previous week but a 0.4 percent increase over the revised rate from the same week one year ago. The estimated capacity utilization rate for steel production is 71.4 percent, down from 72.8 percent last week and down from 72.1 percent this time last year.
Estimated total raw steel produced for 2017 YTD is reported to be 22,551,000 tons, up 4.1 percent from the 21,657,000 tons produced during the same period in 2016. The average capacity utilization rate for 2017 YTD is estimated to be 73.2 percent, up from 71.3 for 2016 YTD.
Week-over-week changes per district are as follows: Northeast at 197,000 tons, down 7,000 tons. Great Lakes at 657,000 tons, down 9,000 tons. Midwest at 169,000 tons, up 1,000 tons. South at 579,000 tons, down 15,000 tons. West at 90,000 tons, down 3,000 tons. Total production was 1,692,000 tons, down 33,000 tons.
The AISI estimates production capability for Q1 2017 at approximately 31.2 million tons, compared to 30.4 million tons for Q1 2016 and 31.2 million tons for Q4 2016.
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.
SMU Note: Below is a graphic showing the weekly raw steel production history. To use the graphs interactive capabilities, you must view it on our website. You can do this by clicking here. If you need help navigating the website or need to know your login information, contact us at info@SteelMarketUpdate.com or by calling 800-432-3475.
Brett LintonRead more from Brett Linton
Latest in Steel Products Prices North America
SMU Price Ranges: Sheet Slips Again on Strike, But Is a Bottom in Sight?
Sheet prices slipped again this week on news of the United Auto Workers (UAW) strike and continued caution among some consumers.
HRC vs. Galv Price Spread Widened This Summer
The spread between hot-rolled coil (HRC) and galvanized sheet base prices widened throughout the summer as hot rolled prices declined faster than those of galvanized.
SMU Price Ranges: Sheet Slips Again on UAW Strike Fears
Sheet prices fell across the board ahead of what many market participants predict will be a strike by the United Auto Workers (UAW) later this week.
Nucor Lowers Plate Prices by $40/t
Nucor Corp. will lower plate prices by $40 per ton ($2 per cwt) with the opening of its October order book.
SMU Price Ranges: Sheet Prices Move Lower, No Bottom Yet
Sheet prices have fallen this week, after a small pause last week when prices saw mixed results. Tags have now been largely trending lower since July.