Steel Products Prices North America
March 15, 2016
Weekly Raw Steel Production Rises Above 1.7 Million Ton Level
Written by Brett Linton
For the week ending March 12, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,722,000 net tons of raw steel, a 2.9 percent increase over the previous week and a 7.6 percent increase over the same week one year ago. The estimated capacity utilization rate is 73.6 percent, up from 71.5 percent last week and up from 67.7 percent this time last year (note that the capacity utilization rates in 2016 are based on new lower total capabilities with the removal of US Steel Fairfield from the mix.)
Estimated total raw steel produced for 2016 YTD is reported to be 18,187,000 tons, down 4.7 percent from the 19,077,000 tons produced during the same period in 2015. The average capacity utilization rate for 2016 YTD is estimated to be 70.1 percent, down from 72.1 percent for 2015 YTD.
