The American Iron and Steel Institute (AISI) reported Monday that estimated US raw steel production for the week ended January 24, 2009 totaled 1,025,000 nt, representing a decrease of about 20,000 nt, or 2 percent, from the previous week's total.
Compared to the same week of 2008, US raw steel production for the week ended January 24 was down 52.5 percent this year.
Capacity utilization for the week ended January 24 stood at 43.1 percent, down slightly from 43.8 percent in the prior week, though down significantly from the 90.3 percent percent capability utilization rate for the same week of 2008.
AISI's estimated raw steel production tonnage is compiled from weekly production data provided from 50 percent of domestic producers combined with monthly production data for the remainder.