US Raw Steel production rises 4.2%

UNITED STATES March 22 2016 10:01 AM

NEW YORK (Scrap Register): United States raw steel production rose by 4.2% year-on-year to 1,668,000 net tons in the week ended March 19, while the capability utilization rate was 71.3 percent, as per the latest figures from the American Iron and Steel Institute (AISI).

According to AISI, production was 1,601,000 net tons in the week ended March 19, 2015 while the capability utilization then was 67.7 percent. 

Production for the week ended March 19, 2016 is down 3.1 percent from the previous week ended March 12, 2016 when production was 1,722,000 net tons and the rate of capability utilization was 73.6 percent.

Adjusted year-to-date production through March 19, 2016 was 19,855,000 net tons, at a capability utilization rate of 70.2 percent. That is down 4.0 percent from the 20,678,000 net tons during the same period last year, when the capability utilization rate was 72.1 percent.