US raw steel production edges up 0.4 percent week-on-week
According to the American Iron and Steel Institute (AISI), in the week ending March 26, 2016, US domestic raw steel production was 1,675,000 net tons while the capability utilization rate was 71.6 percent. Production was 1,601,000 net tons in the week ending March 26, 2015 while the capability utilization then was 67.7 percent. The current week production represents a 4.6 percent increase from the same period in the previous year. Production for the week ending March 26, 2016 is up 0.4 percent from the previous week ending March 19, 2016 when production was 1,668,000 net tons and the rate of capability utilization was 71.3 percent.
Adjusted year-to-date production through March 26, 2016 was 21,530,000 net tons, at a capability utilization rate of 70.3 percent. That is down 3.4 percent from the 22,280,000 net tons during the same period last year, when the capability utilization rate was 72.1 percent.