US raw steel production fell to 1,750,000 net tons

United States domestic raw steel production slipped by 0.6% to 1,750,000 net tons in the week ended June 18, 2016 while the capability utilization rate was 74.8 percent as per the latest figures released by the American Iron and Steel Institute (AISI).

According to AISI, production was 1,760,000 net tons in the week ended June 18, 2015 while the capability utilization then was 74.4 percent.

Production for the week ended June 18, 2016 is down 1.6 percent from the previous week ended June 11, 2016 when production was 1,779,000 net tons and the rate of capability utilization was 76.1 percent.

Adjusted year-to-date production through June 18, 2016 was 42,305,000 net tons, at a capability utilization rate of 72.4 percent. That is down 0.6 percent from the 42,555,000 net tons during the same period last year, when the capability utilization rate was 72.1 percent.