December 02, 2008

US weekly crude steel production up by 2.7% YoY

American Iron & Steel Industries reported that in the week ending July 19th 2008, US’s raw steel production was 2.114 million net tons while the capability utilization rate was 88.6%. Production was 2.059 million net tons in the week ending July 19th 2007, while the capability utilization then was 87%. The current week production represents 2.7% increase from the same period in 2007.

Production for the week ending July 19th 2008 is up 1.6% from the previous week ending July 12th 2008 when production was 2.081 million net tons and the rate of capability utilization was 87.2%

Adjusted YTD production through July 19th 2008 was 60.700 million net tons at a capability utilization rate of 88.6%. That is a 2.4% increase from the 59.294 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: 175
2. Pittsburgh/Youngstown: 216
3. Lake Erie: 92
4. Detroit: 100
5. Indiana/Chicago: 507
6. Midwest: 271
7. Southern: 661
8. Western: 92
(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