Steel Products Prices North America
December 6, 2016
Weekly Raw Steel Production: Picking Back Up or Just A Bounce?
Written by Brett Linton
For the week ending December 3, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,635,000 net tons of raw steel, a 2.3 percent increase over the previous week and a 9.5 percent increase over the same week one year ago (revised). The estimated capacity utilization rate is 68.9 percent, up from 67.4 percent last week and up from 62.5 percent this time last year.
This is the highest production level seen since the week ending September 3, 2016 when 1,656,000 tons were produced at a capacity utilization rate of 70.8 percent. This is the highest capacity utilization rate since he week ending October 1, 2016 when 1,611,000 tons were produced at a capacity utilization rate of 68.9 percent.
