According to the American Iron and Steel Institute, in the week ending August 20, 2016, US domestic raw steel production was 1,655,000 net tons while the capability utilization rate was 70.8 percent. Production was 1,726,000 net tons in the week ending August 20, 2015 while the capability utilization then was 72.2 percent. The current week production represents a 4.1 percent decrease from the same period in the previous year. Production for the week ending August 20, 2016 is down 1.8 percent from the previous week ending August 13, 2016 when production was 1,685,000 net tons and the rate of capability utilization was 72.1 percent.
Adjusted year-to-date production through August 20, 2016 was 57,621,000 net tons, at a capability utilization rate of 72.5 percent. That is down 1.1 percent from the 58,253,000 net tons during the same period last year, when the capability utilization rate was 72.3 percent.