US Raw Steel production plummets 19% y/y to 1,456,000 net tons

UNITED STATES December 30 2015 9:20 AM

NEW YORK (Scrap Register): United States domestic raw steel production plummeted nearly 19% year-on-year to 1,456,000 net tons in the week ended December 26, while the capability utilization rate was 60.9 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 26, 2014 while the capability utilization then was 74.6 percent.

The current week production represents a 18.9 percent decrease from the same period in the previous year. Production for the week ended December 26, 2015 is down 4.4 percent from the previous week ended December 19, 2015 when production was 1,523,000 net tons and the rate of capability utilization was 63.7 percent.

Adjusted year-to-date production through December 26, 2015 was 86,843,000 net tons, at a capability utilization rate of 71.0 percent.

That is down 9.3 percent from the 95,706,000 net tons during the same period last year, when the capability utilization rate was 77.5 percent.