UNITED STATES January 22 2015 9:35 AM
NEW YORK (Scrap Register): United States raw steel production slipped by 1% year-on-year to 1,806,000 net tons in the week ended January 17th while the capability utilization rate was 75.1 percent, as per the latest figures from the American Iron and Steel Institute.
According to AISI, production was 1,824,000 net tons in the week ending January 17, 2014, while the capability utilization then was 75.8 percent.
Production for the week ending January 17, 2015 is down 4.9 percent from the previous week ending January 10, 2015 when production was 1,899,000 net tons and the rate of capability utilization was 79.0 percent.
Adjusted year-to-date production through January 17, 2015 was 4,501,000 net tons, at a capability utilization rate of 77.1 percent. That is up 1.6 percent from the 4,430,000 net tons during the same period last year, when the capability utilization rate was 75.8 percent.