In the week ending May 10, 2014, domestic raw steel production was 1,843,000 net tons while the capability utilization rate was 76.6 percent. Production was 1,833,000 net tons in the week ending May 10, 2013, while the capability utilization then was 76.5 percent. The current week production represents a 0.5 percent increase from the same period in the previous year. Production for the week ending May 10, 2014 is up 1.5 percent from the previous week ending May 3, 2014 when production was 1,815,000 net tons and the rate of capability utilization was 75.5 percent.
Adjusted year-to-date production through May 10, 2014 was 33,932 net tons, at a capability utilization rate of 76.1 percent. That is a 0.8 percent decrease from the 34,192 net tons during the same period last year, when the capability utilization rate was 76.8 percent.
Broken down by districts, here’s production for the week ending May 10, 2014 in thousands of net tons: North East: 223; Great Lakes: 634; Midwest: 243; Southern: 653 and Western: 90 for a total of 1,843.