US domestic Raw Steel production advances 12.4 percent
NEW YORK (Scrap Register): United States domestic raw steel production was 1,917,000 net tons in the week ended on November 3, 2018, while the capability utilization rate was 81.8 percent, according to the American Iron and Steel Institute (AISI).
Production was 1,706,000 net tons in the week ended November 3, 2017 while the capability utilization then was 73.2 percent. The current week production represents a 12.4 percent increase from the same period in the previous year.
Production for the week ended November 3, 2018 is up 1.0 percent from the previous week ended October 27, 2018 when production was 1,898,000 net tons and the rate of capability utilization was 81.0 percent.
Adjusted year-to-date production through November 3, 2018 was 79,894,000 net tons, at a capability utilization rate of 77.8 percent. That is up 5.2 percent from the 75,953,000 net tons during the same period last year, when the capability utilization rate was 74.3 percent.