UNITED STATES September 23 2015 9:17 AM
NEW YORK (Scrap Register): United States domestic raw steel production plummeted to 1,706,000 net tons in the week ended September 19, while the capability utilization rate was 71.4 percent, as per the latest figures released by the American Iron and Steel Institute (AISI).
According to AISI, production was 1,878,000 net tons in the week ended September 19, 2014 while the capability utilization then was 78.1 percent.
Production for the week ended September 19, 2015 is up 0.7 percent from the previous week ended September 12, 2015 when production was 1,694,000 net tons and the rate of capability utilization was 70.9 percent.
Adjusted year-to-date production through September 19, 2015 was 64,357,000 net tons, at a capability utilization rate of 72.5 percent.
That is down 8.0 percent from the 69,987,000 net tons during the same period last year, when the capability utilization rate was 78.0 percent.