This Week's Raw Steel Production
In the week ending on March 16, 2019, domestic raw steel production was 1,930,000 net tons while the capability utilization rate was 82.9 percent. Production was 1,826,000 net tons in the week ending March 16, 2018 while the capability utilization then was 78.3 percent. The current week production represents a 5.7 percent increase from the same period in the previous year. Production for the week ending March 16, 2019 is down 0.6 percent from the previous week ending March 9, 2019 when production was 1,941,000 net tons and the rate of capability utilization was 83.4 percent.
Adjusted year-to-date production through March 16, 2019 was 20,310,000 net tons, at a capability utilization rate of 81.4 percent. That is up 6.7 percent from the 19,035,000 net tons during the same period last year, when the capability utilization rate was 76.6 percent.
Broken down by districts, here's production for the week ending March 16, 2019 in thousands of net tons: North East: 226; Great Lakes: 729; Midwest: 205; Southern: 711 and Western: 59 for a total of 1930.
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 First Quarter 2019 is approximately 30.5 million tons compared to 30.0 million tons for the same period last year and 30.8 million tons for the Fourth Quarter of 2018.