American Iron & Steel Industries reported that in the week ending July 12th 2008, US’s raw steel production was 2.081 million net tons while the capability utilization rate was 87.2%. Production was 2.059 million net tons in the week ending July 12th 2007, while the capability utilization then was 88.6%. The current week production represents 1.1% increase from the same period in 2007.

Production for the week ending June 28th 2008 is up 1.5% from the previous week ending June 21st 2008 when production was 2.076 million net tons and the rate of capability utilization was 87.0%.

Production for the week ending July 12th 2008 is down by 0.8% from the previous week ending July 5th 2008 when production was 2.096 million net tons and the rate of capability utilization was 87.8%.

Adjusted YTD production through July 12th2008 was 58.586 million net tons at a capability utilization rate of 88.6%. That is a 2.4% increase from the 57.235 million net tons during the same period last year, when the capability utilization rate was 85.9%.

District wise production for the week ending June 28th 2008
1. Northeast Coast: 183
2. Pittsburgh/Youngstown: 218
3. Lake Erie: 90
4. Detroit: 99
5. Indiana/Chicago: 478
6. Midwest: 259
7. Southern: 657
8. Western: 97
(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