Steel Products Prices North America
December 13, 2016
Weekly Raw Steel Production: Capacity Utilization Rate Now Above 70 Percent
Written by Brett Linton
For the week ending December 10, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,674,000 net tons of raw steel, a 2.4 percent increase over the previous week and a 12.7 percent increase over the same week one year ago (revised). The estimated capacity utilization rate is 70.6 percent, up from 68.9 percent last week and up from 62.1 percent this time last year.
This is the highest production level seen since the week ending August 13, 2016 when 1,685,000 tons were produced at a capacity utilization rate of 72.1 percent. This is the highest capacity utilization rate since the week ending September 3, 2016 when 1,656,000 tons were produced at a capacity utilization rate of 70.8 percent.
