Prices
Raw Steel Production Inches Up
Written by Tim Triplett
June 20, 2017
Domestic raw steel production inched up in the past week and remains ahead of last year’s pace, reports the American Iron and Steel Institute in Washington.
In the week ending June 17, domestic raw steel production totaled 1,739,000 net tons, up 1.2 percent from the previous week, but down 0.9 percent from the same week last year, AISI reports
Adjusted year-to-date production through June 17 totaled 41,624,000 net tons, up 2.5 percent from the same period in 2016.
Mill capacity utilization averaged 74.6 percent in the week ending June 17. That’s up compared to 73.7 percent the previous week and 72.6 percent at the same time last year.
Production by district for the June 17 week includes: Northeast, 206,000 tons; Great Lakes, 660,000 tons; Midwest, 161,000 tons; South, 638,000 tons; and West, 74,000 tons; for a total of 1,739,000.
The Raw Steel production tonnage provided in this report is estimated. The figures are compiled from weekly production tonnage provided from 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 AISI monthly production report, available by subscription, provides a more detailed summary of steel production based on data supplied by companies representing 75 percent of U.S. production capacity.
Note: Capability for second-quarter 2017 is approximately 30.3 million tons, compared to 30.4 million tons for the same period last year and 30.0 million tons for first-quarter 2017.
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Tim Triplett
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