US domestic Raw Steel production increases 3.5% to 1,723,000 net tons

UNITED STATES February 07 2017 4:11 PM

NEW YORK (Scrap Register): United States domestic raw steel production increased by 3.5 percent to 1,723,000 net tons during the week ended on February 4, 2017, while the capability utilization rate was 72.7 percent, as per the latest figures from the American Iron and Steel Institute.

Production was 1,665,000 net tons in the week ended February 4, 2016 while the capability utilization then was 71.2 percent. 

United States domestic raw steel production for the week ended February 4, 2017 is down 0.7 percent from the previous week ended January 28, 2017 when production was 1,736,000 net tons and the rate of capability utilization was 73.3 percent.

Adjusted year-to-date production through February 4, 2017 was 8,562,000 net tons, at a capability utilization rate of 72.2 percent. That is up 5.8 percent from the 8,094,000 net tons during the same period last year, when the capability utilization rate was 68.9 percent.