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Thursday, 4 October 2018

US domestic Raw Steel production increases 8.5 percent

NEW YORK (Scrap Register): United States domestic raw steel production was 1,856,000 net tons in the week ended on September 29, 2018, while the capability utilization rate was 79.2 percent,  according to the latest data released by the American Iron and Steel Institute (AISI).

Production was 1,711,000 net tons in the week ended September 29, 2017 while the capability utilization then was 73.4 percent. The current week production represents a 8.5 percent increase from the same period in the previous year.

Production for the week ended September 29, 2018 is down 0.4 percent from the previous week ended September 22, 2018 when production was 1,863,000 net tons and the rate of capability utilization was 79.5 percent.

Adjusted year-to-date production through September 29, 2018 was 70,469,000 net tons, at a capability utilization rate of 77.5 percent.

That is up 4.5 percent from the 67,425,000 net tons during the same period last year, when the capability utilization rate was 74.4 percent.

Source: scrapregister.com

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