Steel Products Prices North America
February 24, 2015
Weekly Raw Steel Production: 2+ Year Low
Written by Brett Linton
For the week ending February 21, 2015, the American Iron & Steel Institute (AISI) estimated that the U.S. steel industry produced 1,716,000 net tons (NT) of raw steel, a 2.5 percent decrease over the previous week and a 5.9 percent decrease over the same week one year ago. The estimated capacity utilization rate is 72.6 percent, down from 74.4 percent last week and down from 75.8 percent last year.
Raw steel production is the lowest level seen since the week ending November 1, 2012 when production was 1,707,000 tons and the capacity utilization rate was 69.7 percent. The latest capacity utilization rate is the lowest seen since the week ending December 27, 2014 when it was 72.6 percent and production was at 1,746,000 tons.
