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US Raw Steel production advances to 1,896,000 net tons

United States domestic raw steel production advanced by 2% year-on-year to 1,896,000 net tons in the week ended August 9th while the capability utilization rate was 78.8 percent, as per the American Iron and Steel Institute (AISI).

According to AISI, domestic raw steel production was 1,858,000 net tons in the week ending August 9, 2013, while the capability utilization then was 77.6 percent.

Production for the week ending August 9, 2014 is down 0.3 percent from the previous week ending August 2, 2014 when production was 1,901,000 net tons and the rate of capability utilization was 79.0 percent.

Adjusted year-to-date production through August 9, 2014 was 58,344 net tons, at a capability utilization rate of 76.9 percent. That is up 0.4 percent from the 58,101 net tons during the same period last year, when the capability utilization rate was 76.9 percent.

Broken down by districts, here’s production for the week ending August 9, 2014 in thousands of net tons: North East: 239; Great Lakes: 675; Midwest: 242; Southern: 660 and Western: 80 for a total of 1,896.

Source:Scrap Register

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