US Raw Steel production drops 7.3% y/y to 1,705,000 net tons
United States domestic raw steel production dropped by 7.3% year-on-year to 1,705,000 net tons in the week ended October 10 while the capability utilization rate was 71.3 percent, as per the latest figures from the American Iron and Steel Institute (AISI).
According to AISI, production was 1,840,000 net tons in the week ended October 10, 2014 while the capability utilization then was 76.5 percent.
Production for the week ended October 10, 2015 is down 1.3 percent from the previous week ended October 3, 2015 when production was 1,727,000 net tons and the rate of capability utilization was 72.2 percent.
Adjusted year-to-date production through October 10, 2015 was 69,524,000 net tons, at a capability utilization rate of 72.5 percent. That is down 8.0 percent from the 75,566,000 net tons during the same period last year, when the capability utilization rate was 77.8 percent.