Steel Products Prices North America

Weekly Raw Steel Production Drops

Written by Brett Linton

December 26, 2013

For the week ending December 21, 2013, the American Iron & Steel Institute (AISI) reported that the U.S. steel industry produced 1,733,000 net tons of raw steel, a 4.7 percent decrease over the previous week and a 2.9 percent decrease over the same week one year ago. The estimated capacity utilization rate is 72.3 percent, down from 75.9 percent last week but up from 71.7 percent last year.

These production levels are the lowest we have seen since early-November 2012.

Estimated total raw steel produced for 2013 YTD is reported to be 94,085,000 NT, down 1.4 percent from the 95,464,000 NT produced through the same period in 2012. The average capacity utilization rate for 2013 YTD is estimated to be 77.0 percent, up from 75.2 percent for 2012 YTD.

Week-over-week changes per district are as follows: North East at 202,000 net tons, down 12,000 tons. Great Lakes at 636,000 NT, down 49,000 tons. Midwest at 251,000 NT, up 3,000 tons. South at 560,000 NT, down 23,000 tons. West at 84,000 NT, down 4,000 tons. Total production was 1,733,000 NT, down 85,000 tons.

{amchart id=”84″ Weekly Raw Steel Production from AISI}

Brett Linton

Brett Linton is a senior analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

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