UNITED STATES August 19 2015 9:37 AM
NEW YORK (Scrap Register): United States raw steel production declined further by 8.4% year-on-year to 1,768,000 net tons in the week ended August 15, 2015, while the capability utilization rate was 73.9 percent, as per the latest figures released by the American Iron and Steel Institute (AISI).
According to AISI, production was 1,930,000 net tons in the week ended August 15, 2014 while the capability utilization then was 80.2 percent.
Production for the week ended August 15, 2015 is up 0.7 percent from the previous week ended August 8, 2015 when production was 1,756,000 net tons and the rate of capability utilization was 73.4 percent.
Adjusted year-to-date production through August 15, 2015 was 55,771,000 net tons, at a capability utilization rate of 72.6 percent. That is down 7.8 percent from the 60,478,000 net tons during the same period last year, when the capability utilization rate was 78.0 percent.