US domestic Raw Steel production advances to 1,748,000 net tons

UNITED STATES May 10 2016 10:08 AM     

NEW YORK (Scrap Register): United  States domestic raw steel production advanced by 2.6% year-on-year to 1,748,000  net tons in the week ended May 07 this year while the capability utilization  rate was 74.7 percent, as per the latest release from the American Iron and  Steel Institute (AISI).

According to AISI, domestic raw steel production  was 1,704,000 net tons in the week ended May 7, 2015 while the capability  utilization then was 72.1 percent.

Production for the week ending May 7,  2016 is up 2.2 percent from the previous week ended April 30, 2016 when  production was 1,711,000 net tons and the rate of capability utilization was  73.2 percent.

Adjusted year-to-date production through May 7, 2016 was  31,757,000 net tons, at a capability utilization rate of 71.5 percent. That is  down 1.4 percent from the 32,196,000 net tons during the same period last year,  when the capability utilization rate was 71.6 percent.