Domestic raw steel production totaled 1,762,000 net tons for the week ending Aug. 5, down 0.4 percent from the previous week, but up 6.3 percent from the same week last year, reports the American Iron and Steel Institute in Washington. Mill capability utilization for the Aug. 5 week averaged 75.6 percent, a significant improvement from the 70.9 percent rate in early August 2016.
Adjusted year-to-date production through Aug. 5 was 53,870,000 net tons, an increase of 2.7 percent from the same period last year. Year to date, mills operated at an average rate of 74.5 percent, up from 72.4 percent in the 2016 period.
Following is production for the Aug. 5 week broken down by district: Northeast, 215, 000 net tons; Great Lakes, 662,000 net tons; Midwest, 164,000 net tons; South, 642,000 net tons; and West, 79,000 net tons; for a total of 1,762,000.
The raw steel production tonnage 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 provides a more detailed summary of steel production based on data supplied by companies representing 75 percent of U.S. production capacity.
Mill capability for the third quarter is approximately 30.6 million tons, compared to 30.7 million tons for the same period last year and 30.3 million tons for this year’s second quarter.
Below is a graph showing the history of weekly raw steel production. You will need to view the graph on our website to use its interactive features, you can do so by clicking here. If you need assistance logging into or navigating the website, please contact our office at 800-432-3475 or info@SteelMarketUpdate.com.
Tim TriplettRead more from Tim Triplett
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