In the week ending August 9th 2014, domestic raw steel production was 1,896,000 net tonnes while the capability utilization rate was 78.8%.
Production was 1,858,000 net tonnes in the week ending August 9th 2013, while the capability utilization then was 77.6%. The current week production represents a 2.0% increase from the same period in the previous year.
Production for the week ending August 9th 2014 is down 0.3% from the previous week ending August 2nd 2014 when production was 1,901,000 net tonnes and the rate of capability utilization was 79.0%.
Adjusted year to date production through August 9th 2014 was 58,344 net tonnes, at a capability utilization rate of 76.9%. That is up 0.4% from the 58,101 net tonnes during the same period last year, when the capability utilization rate was 76.9%.
Broken down by districts, here’s production for the week ending August 9th 2014 in thousands of net tons: North East: 239; Great Lakes: 675; Midwest: 242; Southern: 660 and Western: 80 for a total of 1,896.
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 over Q3 of US production capacity.
Source – Strategic Research Institute