Steel Products Prices North America
Weekly Steel Production Down
Written by Tim Triplett
October 3, 2017
U.S. raw steel production totaled 1,706,000 net tons in the week ended Sept. 30, a 7.2 percent increase from the same period last year, but down 0.8 percent from the prior week. The mill capability utilization rate for the Sept. 30 week averaged 73.2 percent, up substantially from the 68.0 percent at the same time last year, but down slightly from the 73.8 percent a week earlier, reports the American Iron and Steel Institute in Washington.
Adjusted year-to-date production through Sept. 30 totaled 67,804,000 net tons, up 3.7 percent from the same period last year. The capability utilization rate of 74.6 percent for the year is up from 72.1 percent in 2016.
Following is production for the Sept. 30 week by district: North East, 198,000 net tons; Great Lakes, 703,000 net tons; Midwest, 163,000 net tons; South, 575,000 net tons; and West, 67,000 net tons, for a total of 1,706,000.
The raw steel production tonnage provided in this report is estimated. The figures are compiled from weekly production tonnage 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 third-quarter 2017 is approximately 30.6 million tons, compared to 30.7 million tons for the same period last year and 30.3 million tons for second-quarter 2017.
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 Triplett
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