Wednesday, December 30, 2009

American Iron and Steel Institute

Weekly Raw Steel Production - December 26, 2009

In the week ending December 26, 2009, domestic raw steel production was 1,445,000 net tons while the capability utilization rate was 60.6 percent. Production was 975,000 tons in the week ending December 26, 2008, while the capability utilization then was 40.9 percent. The current week production represents a 48.2 percent increase from the same period in the previous year. Production for the week ending December 26, 2009 is down 2.3 percent from the previous week ending December 19, 2009 when production was 1,479,000 tons and the rate of capability utilization was 62.0 percent.

Adjusted year-to-date production through December 26, 2009 was 62,802,000 tons, at a capability utilization rate of 51.2 percent. That is a 37.0 percent decrease from the 99,561,000 tons during the same period last year, when the capability utilization rate was 81.4 percent.

Broken down by districts, here's production for the week ending December 26, 2009 in thousands of net tons: Northeast Coast: 139; Pittsburgh/Youngstown: 93; Lake Erie: 44; Detroit: 93; Indiana/Chicago: 359; Midwest: 190; Southern: 464 and Western: 63.

(Estimate based on reports from companies representing about 50% of the Industry's Raw Steel Capability + includes revisions for previous months)

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