US raw steel production down 18.9 percent year-on-year

According to the American Iron and Steel Institute (AISI) in the week ending December 26, 2015, domestic raw steel production was 1,456,000 net tons while the capability utilization rate was 60.9 percent. Production was 1,795,000 net tons in the week ending December 26, 2014 while the capability utilization then was 74.6 percent. The current week production represents a 18.9 percent decrease from the same period in the previous year. Production for the week ending December 26, 2015 is down 4.4 percent from the previous week ending December 19, 2015 when production was 1,523,000 net tons and the rate of capability utilization was 63.7 percent.

Adjusted year-to-date production through December 26, 2015 was 86,843,000 net tons, at a capability utilization rate of 71.0 percent. That is down 9.3 percent from the 95,706,000 net tons during the same period last year, when the capability utilization rate was 77.5 percent.