Steel Products Prices North America
November 22, 2016
Weekly Raw Steel Production Bounces Back to 1.6 Million Tons
Written by Brett Linton
For the week ending November 19, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,606,000 net tons of raw steel, a 1.6 percent increase over the previous week and a 7.1 percent increase over the same week one year ago. The estimated capacity utilization rate is 67.7 percent, up from 66.6 percent last week and up from 62.7 percent this time last year.
Estimated total raw steel produced for 2016 YTD is reported to be 78,313,000 tons, down 1.5 percent from the 79,488,000 tons produced during the same period in 2015. The average capacity utilization rate for 2016 YTD is estimated to be 71.1 percent, up from 70.9 for 2015 YTD.
