September 08, 2008

US weekly steel production down by 0.4% YoY

American Iron & Steel Industries reported that in the week ending July 28th 2007, US’s raw steel production was 2.078 million net tons while the capability utilization rate was 87.8 %. Production was 2.087 million net tons in the week ending July 28th 2006 while the capability utilization then was 88.7%. The current week production represents 0.4% YoY decrease from the same period in 2006.

Production for the week ending July 28th 2007 is down by 1.8% from the previous week ending July 21st 2007 when production was 2.118 million net tons and the rate of capability utilization was 89.5%.

Adjusted YTD production through July 28th 2007 was 60.633 million net tons at a capability utilization rate of 84.9%. That is a 5.9% YoY decrease from the 64.459 million net tons during the same period 2006 when the capability utilization rate was 90.2%.

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.