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.