US Raw Steel production rises 4.2%

Published: Mar 22, 2016 13:27

Save

United States raw steel production rose by 4.2% year-on-year to 1,668,000 net tons in the week ended March 19, while the capability utilization rate was 71.3 percent.

UNITED STATES March 22 2016 10:01 AM

NEW YORK (Scrap Register): United States raw steel production rose by 4.2% year-on-year to 1,668,000 net tons in the week ended March 19, while the capability utilization rate was 71.3 percent, as per the latest figures from the American Iron and Steel Institute (AISI).

According to AISI, production was 1,601,000 net tons in the week ended March 19, 2015 while the capability utilization then was 67.7 percent.

Production for the week ended March 19, 2016 is down 3.1 percent from the previous week ended March 12, 2016 when production was 1,722,000 net tons and the rate of capability utilization was 73.6 percent.

Adjusted year-to-date production through March 19, 2016 was 19,855,000 net tons, at a capability utilization rate of 70.2 percent. That is down 4.0 percent from the 20,678,000 net tons during the same period last year, when the capability utilization rate was 72.1 percent.

aisi US raw steel production

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

11 mins ago

On 27th Jan, Kim Long Motor and BYD entered into strategic partnership, opening BYD’s first EV battery plant in Vietnam

Under the agreement, China’s BYD Battery, a global leader in green vehicles, will transferring technical expertise and transfer battery technology for the project while Vietnam’s Kim Long Motor will in charge of financing and developing energy battery manufacturing plant. The project is intended to help Vietnamese companies progressively develop their own battery production capabilities. After completion, the BYD battery facility is projected to enable Kim Long Motor to raise its localization rate to more than 80% by Q2 2026.

11 mins ago

3 hours ago

Data: SHFE, DCE market movement (Mar 16)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 16 Mar , 2026

3 hours ago

Overview of the new tax rebates for battery exports from China, effective from 1 April 2026.

On 9 January, China’s Ministry of Finance and the State Taxation Administration released a new export tax rebate policy. From 1 April 2026, China’s export tax rebates of up to 13% for solar battery panels will be rolled back, while the rebate rate for battery products will be reduced from 9% to 6%. The complete phase-out of tax rebates for the above-listed products is scheduled for 1 January 2027. This policy aims to negate price distortions emerged in overseas battery markets, which have long affected the profit margins of domestic manufacturers.

3 hours ago