According to the American Iron and Steel Institute, in the week ending January 2, 2016, US domestic raw steel production was 1,440,000 net tons while the capability utilization rate was 60.2 percent. Production was 1,798,000 net tons in the week ending January 2, 2015 while the capability utilization then was 75.1 percent. The current week production represents a 19.9 percent decrease from the same period in the previous year. Production for the week ending January 2, 2016 is down 1.1 percent from the previous week ending December 26, 2015 when production was 1,456,000 net tons and the rate of capability utilization was 60.9 percent.
Adjusted year-to-date production through January 2, 2016 was 1,440,000 net tons, at a capability utilization rate of 60.2 percent. That is down 19.9 percent from the 1,798,000 net tons during the same period last year, when the capability utilization rate was 75.1 percent.