December 02, 2008

US weekly crude steel production up by 1.9 YoY

American Iron & Steel Industries reported that in the week ending April 19th 2008, US’s raw steel production was 2.154 million net tons while the capability utilization rate was 90.3%. Production was 2.113 million net tons in the week ending April 19th 2007, while the capability utilization then was 88.3%. The current week production represents 1.9% increase from the same period in 2007.

Production for the week ending April 19th 2008 is up 0.9% from the previous week ending April 12th 2008 when production was 2.134 million net tons and the rate of capability utilization was 89.4%.

Adjusted YTD production through April 19th 2008 was 33.238 million net tons at a capability utilization rate of 88.7%. That is a 4.4% increase from the 31.927 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: 180
2. Pittsburgh/Youngstown: 215
3. Lake Erie: 91
4. Detroit: 106
5. Indiana/Chicago: 515
6. Midwest: 258
7. Southern: 694
8. Western: 95
(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.