September 08, 2008

US weekly crude steel production down by 2.1% YoY

American Iron & Steel Industries reported that in the week ending September 22nd 2007, US’s raw steel production was 2.101 million net tons while the capability utilization rate was 88.8 %. Production was 2.147 million net tons in the week ending September 22nd 2006 while the capability utilization then was 91.2%. The current week production represents 2.1% YoY decrease from the same period in 2006.

Production for the week ending September 22nd 2007 is up by 0.6% from the previous week ending September 15th 2007 when production was 2.088 million net tons and the rate of capability utilization was 88.2%.

Adjusted YTD production through September 22nd 2007 was 77.269 million net tons at a capability utilization rate of 85.5%. That is a 5% YoY decrease from the 81.338 million net tons during the same period 2006 when the capability utilization rate was 90.1%

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.