American Iron & Steel Industries reported that in the week ending January 24th 2009, US"s raw steel production was 1.025 million tons while the capability utilization rate was 43.1%. Production was 2.154 million tons in the week ending January 24th 2008, while the capability utilization then was 90.3%. The current week production represents a 52.5% YoY decrease from the same period in 2008.
Production for the week ending January 24th 2009 is down by 2.0%% WoW from the previous week ending January 17th 2009 when production was 1.045 million tons and the rate of capability utilization was 43.8%.
Adjusted year to date production through January 24th 2009 was 3.504 million tons, at a capability utilization rate of 42.7%. That is a 52.6% decrease from the 7.383 million tonnes during the same period last year, when the capability utilization rate was 90.3%.
District wise production for the week ending January 24th 2009
1. Northeast Coast: 88
2. Pittsburgh/Youngstown: 71
3. Lake Erie: 23
4. Detroit: 24
5. Indiana/Chicago: 309
6. Midwest: 104
7. Southern: 368
8. Western: 41
(In thousands of net tons)
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.