UNITED STATES November 29 2016 9:20 AM
NEW YORK (Scrap Register): United States domestic raw steel production climbed by 6.5 percent to 1,598,000 net tons during the week ended on November 26, 2016, while the capability utilization rate was 67.4 percent, according to the latest figures from American Iron and Steel Institute (AISI).
The domestic raw steel production was 1,500,000 net tons in the week ended November 26, 2015 while the capability utilization then was 62.7 percent.
The domestic raw steel production for the week ended November 26, 2016 is down 0.5 percent from the previous week ended November 19, 2016 when production was 1,606,000 net tons and the rate of capability utilization was 67.7 percent.
Adjusted year-to-date production through November 26, 2016 was 79,911,000 net tons, at a capability utilization rate of 71.0 percent. That is down 1.3 percent from the 80,988,000 net tons during the same period last year, when the capability utilization rate was 70.9 percent.