US raw steel production drops again

Tuesday, 08 May 2012 00:24:43 (GMT+3)   |  
       

The American Iron and Steel Institute (AISI) reported Monday that US raw steel production fell 1.7 percent last week (ended May 5), following a 0.3 percent decrease the previous week.

Total raw steel production in the United States amounted to 1,963,000 net tons (nt) last week, representing a 1.7 percent decrease from the 1,997,000 nt produced in the previous week, and a 9.8 percent increase from the 1,788,000 nt produced in the same week of last year.

The capacity utilization rate of US raw steelmaking facilities was 79.4 percent in the week ending May 5, compared to 80.8 percent in the previous week and 73.1 percent in the same week of last year.


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