Steel Products Prices North America
Strong Week for Raw Steel Production
Written by Tim Triplett
May 7, 2019
U.S. raw steel production for the week ending May 4 increased by 1.1 percent from the previous week to 1,915,000 net tons, while the mill capability utilization rate bumped up almost a point to 82.3 percent. The week’s production represented a 6.6 percent increase from the same period last year, reported the American Iron and Steel Institute.
Adjusted year-to-date production through May 4 totaled 33,698,000 tons at an average capability utilization rate of 81.7 percent, an increase of 6.6 percent from the same period last year when the utilization rate was 76.4 percent
Following is production by district for the May 4 week: North East: 207,000 net tons; Great Lakes, 720,000 net tons; Midwest, 192,000 net tons; South, 719,000 net tons; and West, 77,000 net tons, for a total of 1,915,000 tons. Production increased in all regions except the Great Lakes.
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.
Tim Triplett
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