UNITED STATES January 26 2016 6:24 PM
NEW YORK (Scrap Register): United States domestic raw steel production plummeted by 8.6 percent to 1,652,000 net tons in the week ended January 16, 2016, while the capability utilization rate was 69.1 percent, as per the latest figures from the American Iron and Steel Institute (AISI).
According to AISI, production was 1,807,000 net tons in the week ended January 16, 2015 while the capability utilization then was 76.4 percent.
Raw steel production for the week ended January 16, 2016 is up 3.6 percent from the previous week ended January 9, 2016 when production was 1,594,000 net tons and the rate of capability utilization was 66.7 percent.
Adjusted year-to-date production through January 16, 2016 was 4,686,000 net tons, at a capability utilization rate of 65.3 percent. That is down 13.4 percent from the 5,412,000 net tons during the same period last year, when the capability utilization rate was 76.4 percent.