Steel Market Intelligence » steel utilization https://www.michelleapplebaum.com/blog Analytical Steel Industry Expertise Wed, 09 Apr 2014 19:25:37 +0000 en-US hourly 1 Domestic Raw Steel Production Declines https://www.michelleapplebaum.com/blog/?p=2885 https://www.michelleapplebaum.com/blog/?p=2885#comments Mon, 10 Dec 2012 23:56:47 +0000 http://www.michelleapplebaum.com/blog/?p=2885 For the week ending December 1, 2012, weekly domestic raw steel production fell 0.9% to 1.802 million tons (mt), compared to the 10-week high of 1.818 mt recorded the previous week, but is still up some 7.3% from the recent low of 1.679 mt for the week of October 27, 2012.

We would caution readers that only half of the AISI reporting companies release their weekly production in “real time” so the other half of this data is estimated using the last month’s reported production & operating rate. What this means is that when production is changing, the weekly data is actually understating the change.

Capacity utilization came in at 72.9%, down from 73.6% last week and down from the year-ago level of 74.3%.

The lowest production since the recession began was 800,000 tons for the week of December 27, 2008, while the highest was 2.005 mt for the week of May 12, 2012. The lowest capacity utilization rate since the recession began was 33.5% for the week of December 27, 2008; the highest was 81.1% on May 12, 2012.

Source: AISI and Steel Market Intelligence

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