UNITED STATES March 17 2015 9:20 AM
NEW YORK (Scrap Register): United States raw steel production dropped plummeted by 13% year-on-year to 1,623,000 net tons in the week ended March 14, while the capability utilization rate was 68.7 percent, as per the latest figures released by the American Iron and Steel Institute (AISI).
According to AISI, production was 1,868,000 net tons in the week ended March 14, 2014 while the capability utilization then was 77.7 percent.
Production for the week ended March 14, 2015 is down 1.3 percent from the previous week ended March 7, 2015 when production was 1,645,000 net tons and the rate of capability utilization was 69.6 percent.
Adjusted year-to-date production through March 14, 2015 was 18,278,000 net tons, at a capability utilization rate of 74.1 percent. That is down 4.4 percent from the 19,112,000 net tons during the same period last year, when the capability utilization rate was 77.1 percent.