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In the week ending October 22, 2016, domestic raw steel production was 1,597,000 net tons while the capability utilization rate was 67.3 percent. Production was 1,629,000 net tons in the week ending October 22, 2015 while the capability utilization then was 68.1 percent. The current week production represents a 2.0 percent decrease from the same period in the previous year. Production for the week ending October 22, 2016 is up 0.4 percent from the previous week ending October 15, 2016 when production was 1,590,000 net tons and the rate of capability utilization was 67.0 percent.
Adjusted year-to-date production through October 22, 2016 was 71,950,000 net tons, at a capability utilization rate of 71.5 percent. That is down 1.9 percent from the 73,322,000 net tons during the same period last year, when the capability utilization rate was 71.7 percent.
Broken down by districts, here's production for the week ending October 22, 2016 in thousands of net tons: North East: 187; Great Lakes: 632; Midwest: 150; Southern: 556 and Western: 72 for a total of 1597.
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 Fourth Quarter 2016 is approximately 31.2 million tons compared to 31.4 million tons for the same period last year and 30.7 million tons for the Third Quarter of 2016. Capability utilization rates presented in this report reflect this updated capability estimate as of the week ending October 8, 2016.
10/26/2016 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported today that the U.S. imported a total of 2,745,000 net tons (NT) of steel in ...
10/7/2016 - Up 1.0 Percent from Same Month Last Year. Click to see the full numbers for steel mill shipments.