US Raw Steel production jumps 5.3% y/y to 1,580,000 net tons
NEW YORK (Scrap Register): United States domestic raw steel production jumped 5.3% year-on-year to 1,580,000 net tons in the week ended on November 12, 2016, while the capability utilization rate was 66.6 percent, as per the latest figures from the the American Iron and Steel Institute (AISI).
Domestic raw steel production was 1,500,000 net tons in the week ended November 12, 2015 while the capability utilization then was 62.7 percent.
Production for the week ended November 12, 2016 is down 1.4 percent from the previous week ended November 5, 2016 when production was 1,602,000 net tons and the rate of capability utilization was 67.5 percent.
Adjusted year-to-date production through November 12, 2016 was 76,707,000 net tons, at a capability utilization rate of 71.2 percent. That is down 1.6 percent from the 77,988,000 net tons during the same period last year, when the capability utilization rate was 70.9 percent.