Steel Products Prices North America
October 11, 2016
Weekly Raw Steel Production Reverts Back to Downward Trend
Written by Brett Linton
For the week ending October 8, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,585,000 net tons of raw steel, a 1.6 percent decrease over the previous week and a 2.7 percent decrease over the same week one year ago. The estimated capacity utilization rate is 66.8 percent, down from 68.9 percent last week and down from 68.1 percent this time last year.
Estimated total raw steel produced for 2016 YTD is reported to be 68,763,000 tons, down 1.9 percent from the 70,063,000 tons produced during the same period in 2015. The average capacity utilization rate for 2016 YTD is estimated to be 71.7 percent, the same as 2015 YTD.
