If you weren’t aware, the American Iron and Steel Institute very helpfully publishes up-to-date numbers on the state of American raw steel production on a week-by-week basis. It’s a great tool to get an idea at what the American steel market looks like in a moment, without having to wait for a comprehensive quarterly report. You can find the figures here, but we thought we would share this week’s numbers here on the blog:
“In the week ending August 24, 2013, domestic raw steel production was 1,861,000 net tons while the capability utilization rate was 77.7 percent. Production was 1,897,000 net tons in the week ending August 24, 2012, while the capability utilization then was 76.3 percent. The current week production represents a 1.9 percent decrease from the same period in the previous year. Production for the week ending August 24, 2013 is down 0.9 percent from the previous week ending August 17, 2013 when production was 1,878,000 net tons and the rate of capability utilization was 78.4 percent.
Adjusted year-to-date production through August 24, 2013 was 62,853,000 net tons, at a capability utilization rate of 77.1 percent. That is a 4.4 percent decrease from the 65,742,000 net tons during the same period last year, when the capability utilization rate was 77.8 percent.
Broken down by districts, here’s production for the week ending August 24, 2013 in thousands of net tons: North East: 213; Great Lakes: 604; Midwest: 244; Southern: 707 and Western: 93, for a total of 1,861.”