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In the week ending June 18, 2016, domestic raw steel production was 1,750,000 net tons while the capability utilization rate was 74.8 percent. Production was 1,760,000 net tons in the week ending June 18, 2015 while the capability utilization then was 74.4 percent. The current week production represents a 0.6 percent decrease from the same period in the previous year. Production for the week ending June 18, 2016 is down 1.6 percent from the previous week ending June 11, 2016 when production was 1,779,000 net tons and the rate of capability utilization was 76.1 percent.
Adjusted year-to-date production through June 18, 2016 was 42,305,000 net tons, at a capability utilization rate of 72.4 percent. That is down 0.6 percent from the 42,555,000 net tons during the same period last year, when the capability utilization rate was 72.1 percent.
Broken down by districts, here's production for the week ending June 18, 2016 in thousands of net tons: North East: 196; Great Lakes: 664; Midwest: 176; Southern: 623 and Western: 91 for a total of 1750.
The Raw Steel production tonnage provided in this report is estimated. The figures are compiled from weekly production tonnage provided from 50% 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 production report "AIS 7", published monthly and available by subscription, provides a more detailed summary of steel production based on data supplied by companies representing 75% of U.S. production capacity.
Note: Capability for the Second Quarter 2016 is approximately 30.4 million tons versus 30.7 million tons for the same period last year and 30.4 million tons for the First Quarter of 2016. +Year to Date utilization rate has been adjusted based on most recent AIS 7.
6/23/2016 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported today that the U.S. imported a total of 2,786,000 net tons (NT) of steel in May 2016, ...
6/14/2016 - The American Iron and Steel Institute (AISI) today announced the release of its 2015 Annual Statistical Report (ASR). Learn more details here.