NEW YORK (Scrap Register): United States raw steel production declined sharply by 14.4% year-on-year to 1,536,000 net tons in the week ended December 12, 2015, while the capability utilization rate was 64.2 percent, as per the latest figures from the American Iron and Steel Institute (AISI).
According to AISI, production was 1,795,000 net tons in the week ended December 12, 2014 while the capability utilization then was 74.6 percent.
Production for the week ended December 12, 2015 is down 1.1 percent from the previous week ended December 5, 2015 when production was 1,553,000 net tons and the rate of capability utilization was 65.0 percent.
Adjusted year-to-date production through December 12, 2015 was 83,864,000 net tons, at a capability utilization rate of 71.4 percent. That is down 9.0 percent from the 92,117,000 net tons during the same period last year, when the capability utilization rate was 77.5 percent.