Steel Products Prices North America
February 27, 2017
Weekly Raw Steel Production Closes in on 1.8 Million Tons
Written by Brett Linton
For the week ending February 25, 2017, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,770,000 net tons of raw steel, a 0.2 percent increase over the previous week and a 3.6 percent increase over the revised rate from the same week one year ago. The estimated capacity utilization rate for steel production is 74.7 percent, up from 74.6 percent last week and up from 73.1 percent this time last year.
The last time weekly raw steel production was this high was the week ending June 11, 2016 when production was 1,779,000 tons and the capacity utilization rate was 76.1 percent. The last time the weekly capacity utilization rate was this high was the week ending July 16, 2016 when production was 1,746,000 tons and the capacity utilization rate was 74.7 percent.
