UNITED STATES April 07 2015 9:15 AM
NEW YORK (Scrap Register): United States domestic raw steel production plummeted further by 12.8% to 1,628,000 net tons in the week ended March 28, while the capability utilization rate was 68.9 percent, as per the latest figures from the American Iron and Steel Institute (AISI).
According to AISI, production was 1,868,000 net tons in the week ended March 28, 2014 while the capability utilization then was 77.7 percent.
Production for the week ended March 28, 2015 is down 0.7 percent from the previous week ended March 21, 2015 when production was 1,639,000 net tons and the rate of capability utilization was 69.3 percent.
Adjusted year-to-date production through March 28, 2015 was 21,545,000 net tons, at a capability utilization rate of 73.3 percent. That is down 5.7 percent from the 22,848,000 net tons during the same period last year, when the capability utilization rate was 77.1 percent.