UNITED STATES April 12 2016 10:33 AM
NEW YORK (Scrap Register): United States' domestic raw steel production edged up by 0.4% year-on-year to 1,656,000 net tons in the week ended April 09 while the capability utilization rate was 70.8 percent, as per the latest figures from the American Iron and Steel Institute (AISI).
According to AISI, raw steel production was 1,649,000 net tons in the week ended April 9, 2015 while the capability utilization then was 69.8 percent.
Production for the week ended April 9, 2016 is up 0.4 percent from the previous week ending April 2, 2016 when production was 1,650,000 net tons and the rate of capability utilization was 70.6 percent.
Adjusted year-to-date production through April 9, 2016 was 24,836,000 net tons, at a capability utilization rate of 70.4 percent. That is down 2.8 percent from the 25,544,000 net tons during the same period last year, when the capability utilization rate was 71.5 percent.