US Raw Steel production advances by 2.2% y/y to 1,893,000 net tons

United States domestic raw steel production advanced by 2.2% year-on-year to 1,893,000 net tons in the week ended July 19, 2014 while the capability utilization rate was 78.7 percent, as per the latest figures released by the American Iron and Steel Institute (AISI).

According to AISI, raw steel production was 1,852,000 net tons in the week ending July 19, 2013, while the capability utilization then was 77.3 percent.

Production for the week ending July 19, 2014 is down 0.5 percent from the previous week ending July 12, 2014 when production was 1,903,000 net tons and the rate of capability utilization was 79.1 percent.

Adjusted year-to-date production through July 19, 2014 was 52,627 net tons, at a capability utilization rate of 76.7 percent. That is up 0.2 percent from the 52,534 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 July 19, 2014 in thousands of net tons: North East: 235; Great Lakes: 683; Midwest: 237; Southern: 649 and Western: 89 for a total of 1,893.

Source:Scrap Register

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