Steel Products Prices North America
Weekly Raw Steel Production Back Above 1.75 Million Tons
Written by Brett Linton
May 30, 2017
For the week ending May 27, 2017, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,753,000 net tons of raw steel, a 0.7 percent increase over the previous week and a 1.2 percent increase over the revised rate from the same week one year ago. The estimated capacity utilization rate for steel production is 75.2 percent, up from 74.7 percent last week and up from 74.1 percent this time last year.
Estimated total raw steel produced for 2017 year to date (YTD) is now reported to be 36,418,000 tons, up 2.9 percent from the 35,375,000 tons produced during the same period in 2016. The average capacity utilization rate for 2017 YTD is estimated to be 74.4 percent, up from 72.1 for 2016 YTD.
Week-over-week changes per district are as follows: Northeast at 214,000 tons, up 1,000 tons. Great Lakes at 651,000 tons, up 5,000 tons. Midwest at 166,000 tons, up 3,000 tons. South at 644,000 tons, down 7,000 tons. West at 78,000 tons, up 10,000 tons. Total production was 1,753,000 tons, up 12,000 tons.
The AISI estimates production capability for Q2 2017 at approximately 30.3 million tons, compared to 30.4 million tons for Q2 2016 and 30.0 million tons for Q1 2017.
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 Linton
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