Steel Products Prices North America

U.S. Raw Steel Production Continues Uptrend

September 7, 2017

Domestic raw steel production totaled 1,747,000 net tons in the week ending Sept. 2, up 0.4 percent from the prior week and an 8.6 percent increase from the same period in 2016. The mill capability utilization rate was 74.9 percent for the week, up from 68.8 percent in the same week last year, reports the American Iron and Steel Institute in Washington.

Adjusted year-to-date production through Sept. 2 was 60,900,000 net tons, up 3.2 percent from the same period last year. The capability utilization rate of 74.6 percent was up from 72.1 percent through the first eight months of 2016.

Following is the Sept. 2 week’s production by district: North East, 213,000 net tons; Great Lakes, 676,000 net tons; Midwest, 160,000 net tons; South, 622,000 net tons; and West, 76,000 net tons, for a total of 1,747,000.

The raw steel production tonnage provided in this report is estimated. The figures are compiled from weekly production tonnage 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.

Mill 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 this year’s 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.