I was asked this evening if the JSW Ohio production tonnage is included in the weekly raw steel production report produced by the American Iron & Steel Institute (AISI). In the fine print of their weekly report, the AISI states that 1st Quarter 2019 production is estimated at 30.5 million tons, which is lower than the 30.8 million tons estimated for 4th Quarter 2018. It is higher than the 30.0 million tons estimated for 1st Quarter 2018. The AISI does not share how they determine these quarterly numbers. Sometimes you can figure it out on your own, sometimes it is not so clear. With JSW Ohio just beginning production, it is doubtful that their tonnage is included in the report. The weekly tonnage reported by the AISI is available in tonight’s newsletter in a separate article.
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John Packard, President & CEO
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