August 29, 2008

US weekly crude steel production down by 0.6%YoY

American Iron & Steel Industries reported that in the week ending April 5th 2008, US’s raw steel production was 2.099 million net tons while the capability utilization rate was 88%. Production was 2.113 million net tons in the week ending April 5th 2007, while the capability utilization then was 88.3%. The current week production represents 0.6% increase from the same period in 2007.

Production for the week ending April 5th 2008 is down by 2% from the previous week ending March 29th 2008 when production was 2.144 million net tons and the rate of capability utilization was 89.9%.

Adjusted YTD production through April 5th 2008 was 28.950 million net tons at a capability utilization rate of 88.5%. That is a 4.5% increase from the 27.701 million net tons during the same period last year, when the capability utilization rate was 84.3%.

District wise production for the week ending March 15th 2008
1. Northeast Coast: 177
2. Pittsburgh/Youngstown: 218
3. Lake Erie: 89
4. Detroit: 83
5. Indiana/Chicago: 525
6. Midwest: 267
7. Southern: 647
8. Western: 93
(In thousands of net tons)

AISI’s estimate is based on reports from companies representing about 75% of the US’s raw steel capability and includes revisions for previous months.