No recovery in US steel production

The AISI reported in the week ended on Oct. 29, 2016, domestic raw steel production was 1,575,000 net tons while the capability utilization rate was 66.4% or a 3.3% decrease from the same 2015 period when production was 1,629,000 net tons while the capability utilization was 68.1%. Production for the week ended October 29, 2016 is down 1.4% from the previous week when production was 1,597,000 net tons and the rate of capability utilization was 67.3%.

Adjusted year-to-date production through Oct. 29, 2016 was 73,525,000 net tons, at a capability utilization rate of 71.4%; that is down 1.9% from the 74,951,000 net tons during the same period last year, when the capability utilization rate was 71.7%.

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