Steel Products Prices North America

Weekly Raw Steel Production: Slight Drop to 1.74 Million Tons

Written by Brett Linton

July 5, 2016

For the week ending July 1, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,737,000 net tons of raw steel, a 1.1 percent decrease over the previous week and a 1.2 percent decrease over the same week one year ago. The estimated capacity utilization rate is 74.3 percent, down from 75.1 percent last week but up from 74.1 percent this time last year.

Estimated total raw steel produced for 2016 YTD is reported to be 45,742,000 tons, down 0.7 percent from the 46,072,000 tons produced during the same period in 2015. The average capacity utilization rate for 2016 YTD is estimated to be 72.4 percent, up from 72.1 percent for 2015 YTD.

Note that the AISI estimates capability for Q2 2016 to be 30.4 million tons versus 30.7 million tons for the same period last year and 30.4 million tons for the Q1 2016.

Week-over-week changes per district are as follows: Northeast at 206,000 tons, up 4,000 tons. Great Lakes at 693,000 tons, up 22,000 tons. Midwest at 166,000 tons, down 9,000 tons. South at 601,000 tons, down 22,000 tons. West at 71,000 tons, down 15,000 tons. Total production was 1,737,000 tons, down 20,000 tons.

About Weekly Raw Steel Production Data

The weekly raw steel production tonnage provided by the AISI is estimated. The figures are compiled from weekly production tonnage provided by 50 percent of the domestic producers combined with monthly production data for the remainder. Therefore, this report should be used primarily to assess production trends. The monthly AISI production report provides a more detailed summary of steel production based on data supplied by companies representing over 75 percent of U.S. production capacity.

SMU Note: Below is a graphic showing the weekly raw steel production history. To use the graphs interactive capabilities, you must view it on our website. You can do this by clicking here. If you need help navigating the website or need to know your login information, contact us at info@SteelMarketUpdate.com or by calling 800-432-3475.

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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