UNITED STATES January 05 2016 9:40 AM
NEW YORK (Scrap Register): United States domestic raw steel production plummeted by nearly 20% year-on-year to 1,440,000 net tons in the week ended January 2, while the capability utilization rate was 60.2 percent, as per the latest figures from the American Iron and Steel Institute (AISI).
According to AISI, production was 1,798,000 net tons in the week ended January 2, 2015 while the capability utilization then was 75.1 percent.
Raw steel production for the week ended January 2, 2016 is down 1.1 percent from the previous week ending December 26, 2015 when production was 1,456,000 net tons and the rate of capability utilization was 60.9 percent.
Adjusted year-to-date production through January 2, 2016 was 1,440,000 net tons, at a capability utilization rate of 60.2 percent. That is down 19.9 percent from the 1,798,000 net tons during the same period last year, when the capability utilization rate was 75.1 percent.