U.S. raw steel production for the week ending Dec. 30 totaled 1,637,000 net tons, a 1.9 percent increase from the same period last year, but down 4.7 percent from the prior week. The mill capability utilization rate for the week averaged 70.2 percent, down from 73.7 percent the prior week but up from 67.8 percent the prior year, reports the American Iron and Steel Institute in Washington.
Adjusted year-to-date production through Dec. 30 totaled 90,106,000 net tons, up 4.3 percent from the same period last year. The average mill capability utilization rate for the year to date was 74.3 percent, up from 70.5 percent in 2016.
Following is production by district for the week of Dec. 30: North East: 213,000 net tons; Great Lakes, 594,000 net tons; Midwest, 158,000 net tons; South, 604,000 net tons; and West, 68,000 net tons, for a total of 1,637,000.
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 fourth-quarter 2017 is approximately 30.6 million tons, compared to 30.7 million tons for the same period last year and 30.6 million tons for third-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 TriplettRead more from Tim Triplett
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.