Steel Products Prices North America

Weekly Raw Steel Capacity Utilization Rate Drops Below 75 Percent

Written by Brett Linton

February 9, 2015

For the week ending February 7th, 2015, the American Iron & Steel Institute (AISI) estimated that the U.S. steel industry produced 1,769,000 net tons (NT) of raw steel, a 0.7 percent decrease over the previous week and a 3.0 percent decrease over the same week one year ago. The estimated capacity utilization rate is 74.8 percent, down from 75.4 percent last week and down from 75.8 percent last year.

Estimated total raw steel produced for 2015 YTD is reported to be 9,877,000 tons, down 0.3 percent from the 9,903,000 tons produced during the same period in 2014. The average capacity utilization rate for 2015 YTD is estimated to be 76.9 percent, up from 75.8 percent for 2014 YTD.

Week-over-week changes per district are as follows: Northeast at 219,000 tons, up 2,000 tons. Great Lakes at 628,000 tons, down 42,000 tons. Midwest at 212,000 tons, down 14,000 tons. South at 621,000 tons, up 39,000 tons. West at 89,000 tons, up 2,000 tons. Total production was 1,769,000 tons, down 13,000 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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