US domestic Raw Steel production increases 6.3 percent
NEW YORK (Scrap Register): United States domestic raw steel production has increased by 6.3 percent to 1,762,000 net tons during the week ended August 5, 2017 while the capability utilization rate was 75.6 percent, according to the latest figures released by the the American Iron and Steel Institute (AISI).
According to AISI, production was 1,658,000 net tons in the week ended August 5, 2016 while the capability utilization then was 70.9 percent. The current week production represents a 6.3 percent increase from the same period in the previous year.
Raw Steel production for the week ended August 5, 2017 is down 0.4 percent from the previous week ended July 29, 2017 when production was 1,769,000 net tons and the rate of capability utilization was 75.9 percent.
Adjusted year-to-date production through August 5, 2017 was 53,870,000 net tons, at a capability utilization rate of 74.5 percent. That is up 2.7 percent from the 52,451,000 net tons during the same period last year, when the capability utilization rate was 72.4 percent.