Steel Products Prices North America
February 16, 2016
Weekly Raw Steel Production: Capacity Utilization Rate at 5 Month High
Written by Brett Linton
For the week ending February 13, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,703,000 net tons of raw steel, a 1.1 percent increase over the previous week but a 0.1 percent decrease over the same week one year ago. The estimated capacity utilization rate is 72.8 percent, up from 71.9 percent last week and up from 72.4 percent this time last year. however, please note that the capacity utilization rates are based on new lower total capabilities with the removal of US Steel Fairfield from the mix (USS shuttered the Fairfield blast furnace last year).
The last time raw production was this high was the week ending October 10, 2015 when 1,705,000 tons were produced at a capacity utilization rate of 71.3 percent. The last time the capacity utilization rate was this high was the week ending September 5, 2015 when 1,741,000 tons were produced at a capacity utilization rate of 72.8 percent.
