Steel Products
March 6, 2013
AISI Estimated Raw Steel Production for Last Week
Written by John Packard
The American Iron & Steel Institute (AISI) reported their estimated raw steel production data for the week ending March 2, 2013. According to AISI estimates the U.S. steel industry produced 1,857,000 net tons of raw steel last week. This represents an increase of 0.8 percent compared to the week earlier but is 7.2 percent lower than the same week one year ago. However, as mentioned in the January monthly report article above. The weekly raw steel production reports should be taken with a grain of salt and viewed only as rough estimates – not fact.
The AISI estimates the capacity utilization rate to be 77.5 percent. SMU reminds our readers the AISI has made an adjustment to the domestic capabilities for 1st Quarter 2013. The new quarterly capability is 30.8 million tons. The 1Q 2012 capability number according to the AISI was 32.3 million tons and that number was adjusted to 32.7 million tons for 4Q 2012 with the addition of the new Severstal Columbus EAF.
