The American Iron and Steel Institute (AISI) reported Monday that estimated US raw steel production for the week ended January 10, 2009 totaled 1.062 million net tons (nt), which reflects an increase of 22.7 percent from the 866,000 nt produced in the week ended January 3, 2009.
Compared to the same week last year, however, US raw steel production was down by 50.7 percent in the week ended January 10, 2009.
Capacity utilization for the week ended January 10 stood at 44.5 percent, compared to 36.3 percent in the previous week and 90.3 percent in the year-ago period.
AISI's estimated raw steel production tonnage is compiled from weekly production data provided from 50 percent of domestic producers combined with monthly production data for the remainder.