What is the Raw Steel Production Report?
This Report is the estimation of weekly raw steel production as complied by The American Iron and Steel Institute (AISI). The figures are compiled from the weekly production tonnage provided by roughly 50% of the domestic production capacity. That combined with the most recent monthly production data for the remainder. The report looks at production tonnage and the rate of capacity utilization.
Why is the Raw Steel Production Report important?
The Raw Steel Production Report is a great tool for understanding production trends. It provides adjusted year-to-date production comparisons and current breakdowns by districts within the United States. Due to the steel market’s changing nature and the large changes surrounding steelmaking capacity, AISI reviews its raw steel production and capacity utilizations statistics to make sure they accurately reflect market conditions.
What should you do?
Reviewing the Raw Steel Production Report will help you gain a clearer understanding of production trends which can provide insight into the general economy. Majestic’s CORE Report follows the Raw Steel Production Report; along with other indicators every week to see where the market stands.