UNITED STATES November 08 2016 10:27 AM
NEW YORK (Scrap Register): United States domestic raw steel production advanced by 4.2% to 1,602,000 net tons in the week ended on November 5 while the capability utilization rate was 67.5 percent, as per the latest figures from the the American Iron and Steel Institute.
US domestic raw steel production was 1,537,000 net tons in the week ended November 5, 2015 while the capability utilization then was 64.2 percent.
Raw steel production for the week ended November 5, 2016 is up 1.7 percent from the previous week ended October 29, 2016 when production was 1,575,000 net tons and the rate of capability utilization was 66.4 percent.
Adjusted year-to-date production through November 5, 2016 was 75,127,000 net tons, at a capability utilization rate of 71.3 percent. That is down 1.8 percent from the 76,488,000 net tons during the same period last year, when the capability utilization rate was 70.9 percent.