UNITED STATES April 26 2016 11:06 AM
NEW YORK (Scrap Register): United States raw steel production increased by 2.1% year-on-year to 1,684,000 net tons in the week ended April 23, 2016 while the capability utilization rate was 72.0 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 23, 2015 while the capability utilization then was 69.8 percent.
Production for the week ended April 23, 2016 is down 0.5 percent from the previous week ended April 16, 2016 when production was 1,693,000 net tons and the rate of capability utilization was 72.4 percent.
Adjusted year-to-date production through April 23, 2016 was 28,213,000 net tons, at a capability utilization rate of 70.6 percent. That is down 2.2 percent from the 28,843,000 net tons during the same period last year, when the capability utilization rate was 71.5 percent.