This Week's Raw Steel Production
In the week ending on August 11, 2018, domestic raw steel production was 1,855,000 net tons while the capability utilization rate was 79.1 percent. Production was 1,767,000 net tons in the week ending August 11, 2017 while the capability utilization then was 75.8 percent. The current week production represents a 5.0 percent increase from the same period in the previous year. Production for the week ending August 11, 2018 is up 1.5 percent from the previous week ending August 4, 2018 when production was 1,828,000 net tons and the rate of capability utilization was 78.0 percent.
Adjusted year-to-date production through August 11, 2018 was 57,271,000 net tons, at a capability utilization rate of 76.9 percent. That is up 3.6 percent from the 55,289,000 net tons during the same period last year, when the capability utilization rate was 74.6 percent.
Broken down by districts, here's production for the week ending August 11, 2018 in thousands of net tons: North East: 223; Great Lakes: 681; Midwest: 192; Southern: 676 and Western: 83 for a total of 1855.
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 Third Quarter 2018 is approximately 30.8 million tons compared to 30.6 million tons for the same period last year and 30.5 million tons for the Second Quarter of 2018.