How can the market handle all this good news?

In the week ended October 15, 2016, US raw steel production fell 2.4% to 1,590,000 net tons vs. 1,629,000 net tons in the same 2015 week.  Production for the week ended Oct. 15, 2016 is up 0.3% from the week ended Oct. 8, 2016 when output was 1,585,000 net tons and the rate of capability utilization was 66.8%.

Adjusted year-to-date production through Oct. 15,2016 was 70,353,000 net tons, at a capability utilization rate of 71.6%. That is down 1.9% from the 71,693,000 net tons during the same period last year, when the capability utilization rate was 71.7%.

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