Steel Products Prices North America

Weekly Raw Steel Production Down Slightly

Written by Brett Linton

February 24, 2014

For the week ending February 22, 2014, the American Iron & Steel Institute (AISI) reported that the U.S. steel industry produced 1,831,000 net tons (NT) of raw steel, a 0.8 percent decrease over the previous week and a 2.3 percent decrease over the same week one year ago. The estimated capacity utilization rate is 76.3 percent, down from 77.0 percent last week and down from 78.3 percent last year.

Estimated total raw steel produced for 2014 YTD is reported to be 13,850,000 NT, down 1.1 percent from the 13,997,000 NT produced through the same period in 2013. The average capacity utilization rate for 2014 YTD is estimated to be 76.3 percent, down from 77.3 percent for 2013 YTD. Note that there has been a change in production capability for 2014–comparisons between 2013 and 2014 capacity utilization rates are against different production levels, so the total tonnage figures are best suited for yearly comparisons.

Week-over-week changes per district are as follows: North East at 219,000 net tons, down 2,000 tons. Great Lakes at 640,000 NT, down 21,000 tons. Midwest at 241,000 NT, down 3,000 tons. South at 647,000 NT, up 17,000 tons. West at 84,000 NT, down 5,000 tons. Total production was 1,831,000 NT, down 14,000 tons.

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{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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