US Raw Steel production increases 9.5% to 1,635,000 net tons

UNITED STATES December 06 2016 9:18 AM

NEW YORK (Scrap Register): United States domestic raw steel production increased by 9.5 percent to 1,635,000 net tons in the week ended December 3, 2016, while the capability utilization rate was 68.9 percent, as per the latest figures from the American Iron and Steel Institute (AISI).

Domestic raw steel production was 1,493,000 net tons in the week ended December 3, 2015 while the capability utilization then was 62.5 percent. 

Production for the week ended December 3, 2016 is up 2.3 percent from the previous week ended November 26, 2016 when production was 1,598,000 net tons and the rate of capability utilization was 67.4 percent.

Adjusted year-to-date production through December 3, 2016 was 81,376,000 net tons, at a capability utilization rate of 70.9 percent. That is down 1.3 percent from the 82,481,000 net tons during the same period last year, when the capability utilization rate was 70.8 percent.