Steel Products Prices North America

U.S Raw Steel Production Sees Small Dip

March 27, 2018

Despite a small dip last week, U.S. raw steel production remained above 1.8 milllion tons for the month. Steel production for the week ending March 24 totaled 1,803,000 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 March 24 week averaged 77.4 percent, down from 78.3 percent the prior week, reports the American Iron and Steel Institute in Washington.

Adjusted year-to-date producton through March 24 totaled 20,816,000 net tons at a capability utilization rate of 75.3 percent. That’s up 0.8 percent from 20,653,000 tons in the same period last year when the capability utilization was 74.6 percent.

Following is production by district for the week of March 24: North East: 200,000 net tons; Great Lakes, 676,000 net tons; Midwest, 170,000 net tons; South, 686,000 net tons; and West, 71,000 net tons, for a total of 1,803,000.

Note, mill capability for first-quarter 2018 is approximately 30.0 million tons, compared to 30.0 million tons for the same period last year and 30.6 million tons for fourth-quarter 2017.

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.

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