Steel Products Prices North America

Steel Production Dips for the Week

August 29, 2017

Domestic raw steel production for the week ending Aug. 26 totaled 1,740,000 net tons, a 5.1 percent increase from the same period last year, but down 1.3 percent from the previous week.

The mill capability utilization rate for the Aug. 26 week was 74.6 percent, up from 70.8 percent the same time last year.

Adjusted year-to-date production through Aug. 26, totaled 59,153,000 net tons, a 3.0 percent increase from the same period last year. The capability utilization rate for the year averaged 74.6 percent, up from 72.2 percent in 2016.

Following is production for the Aug. 26 week by district: North East, 197,000 net tons; Great Lakes, 662,000 net tons; Midwest, 165,000 net tons; South, 641,000 net tons; and West, 75,000 net tons; for a total of 1,740,000.

The raw steel production tonnage provided in this report is estimated. The figures are compiled from weekly production tonnage provided from 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 AISI monthly production report provides a more detailed summary of steel production based on data supplied by companies representing 75 percent of U.S. production capacity.

Capability for the third quarter is approximately 30.6 million tons, compared to 30.7 million tons for the same period last year and 30.3 million tons for the second quarter.

Below is a graph showing the history of weekly raw steel production. You will need to view the graph on our website to use its interactive features, you can do so by clicking here. If you need assistance logging into or navigating the website, please contact our office at 800-432-3475 or info@SteelMarketUpdate.com