Steel Products Prices North America
September 7, 2016
Weekly Raw Steel Production Rates Slipping Below 1.7 Million Tons
Written by John Packard
The American Iron and Steel Institute (AISI) released their weekly assessment of the domestic steel mills raw steel production for the week ending September 3, 2016. The AISI reported production as being 1,656,000 net tons with a capacity utilization rate of 70.8 percent. The production rate (based on approximately 50 percent of the industry providing production data) was higher than the previous week by 14,000 tons but was down 3.1 percent compared to the same week one year ago.
The AISI press release reported: “Adjusted year-to-date production through September 3, 2016 was 60,919,000 net tons, at a capability utilization rate of 72.4 percent. That is down 1.2 percent from the 61,688,000 net tons during the same period last year, when the capability utilization rate was 72.3 percent.
