According to the American Iron and Steel Institute, in the week ending January 23, 2016, US domestic raw steel production was 1,670,000 net tons while the capability utilization rate was 69.8 percent. Production was 1,807,000 net tons in the week ending January 23, 2015 while the capability utilization then was 76.4 percent. The current week production represents a 7.6 percent decrease from the same period in the previous year. Production for the week ending January 23, 2016 is up 1.1 percent from the previous week ending January 16, 2016 when production was 1,652,000 net tons and the rate of capability utilization was 69.1 percent.
Adjusted year-to-date production through January 23, 2016 was 6,356,000 net tons, at a capability utilization rate of 66.5 percent. That is down 12.0 percent from the 7,219,000 net tons during the same period last year, when the capability utilization rate was 76.4 percent.