US Raw Steel production plummets by nearly 13% to 1,618,000 net tons

UNITED STATES November 10 2015 9:17 AM

NEW YORK (Scrap Register): United States domestic raw steel production plummeted by nearly 13% to 1,618,000 net tons during the week ended November 7, 2015, while the capability utilization rate was 67.7 percent, as per the latest figures released by the American Iron and Steel Institute (AISI).

According to AISI, production was 1,856,000 net tons in the week ended November 7, 2014 while the capability utilization then was 77.2 percent. 

Production for the week ended November 7, 2015 is down 1.4 percent from the previous week ended October 31, 2015 when production was 1,641,000 net tons and the rate of capability utilization was 68.6 percent.

Adjusted year-to-date production through November 7, 2015 was 76,125,000 net tons, at a capability utilization rate of 72.1 percent.

That is down 8.2 percent from the 82,942,000 net tons during the same period last year, when the capability utilization rate was 77.8 percent.