American Iron And Steel Institute – Weekly Raw Steel Production – November 3, 2012

In the week ending November 3, 2012, domestic raw steel production was 1,707,000 net tons while the capability utilization rate was 69.1 percent. Production was 1,793,000 tons in the week ending November 3, 2011, while the capability utilization then was 72.4 percent. The current week production represents a 4.8 percent decrease from the same period in the previous year. Production for the week ending November 3, 2012 is up 1.7 percent from the previous week ending October 27, 2012 when production was 1,679,000 tons and the rate of capability utilization was 67.9 percent.

Adjusted year-to-date production through November 3, 2012 was 82,811,000 tons, at a capability utilization rate of 76.2 percent. That is a 3.5 percent increase from the 80,011,000 tons during the same period last year, when the capability utilization rate was 74.5 percent.

Broken down by districts, here’s production for the week ending November 3, 2012 in thousands of net tons: North East: 174; Great Lakes: 628; Midwest: 258; Southern: 561 and Western: 86.

(The Raw Steel production tonnage provided in this report is estimated. The figures are compiled from weekly production tonnage provided from 50% of the domestic producers combined with monthly production data for the remainder. Therefore, this report should be used primarily to assess production trends. The AISI production report “AIS 7,” published monthly and available by subscription, provides a more detailed summary of steel production based on data supplied by companies representing over three quarters of U.S. production capacity.)