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In the week ending April 30, 2016, domestic raw steel production was 1,711,000 net tons while the capability utilization rate was 73.2 percent. Production was 1,649,000 net tons in the week ending April 30, 2015 while the capability utilization then was 69.8 percent. The current week production represents a 3.8 percent increase from the same period in the previous year. Production for the week ending April 30, 2016 is up 1.6 percent from the previous week ending April 23, 2016 when production was 1,684,000 net tons and the rate of capability utilization was 72.0 percent.
Adjusted year-to-date production through April 30, 2016 was 30,009,000 net tons, at a capability utilization rate of 71.3 percent. That is down 1.6 percent from the 30,493,000 net tons during the same period last year, when the capability utilization rate was 71.5 percent.
Broken down by districts, here's production for the week ending April 30, 2016 in thousands of net tons: North East: 204; Great Lakes: 614; Midwest: 180; Southern: 625 and Western: 88 for a total of 1711.
The Raw Steel production tonnage provided in this report is estimated. The figures are compiled from weekly production tonnage provided from 50% of the domestic producers combined with monthly production data for the remainder. Therefore, this report should be used primarily to assess production trends. The AISI production report "AIS 7", published monthly and available by subscription, provides a more detailed summary of steel production based on data supplied by companies representing 75% of U.S. production capacity.
Note: Capability for the Second Quarter 2016 is approximately 30.4 million tons versus 30.7 million tons for the same period last year and 30.4 million tons for the First Quarter of 2016. +Year to Date utilization rate has been adjusted based on most recent AIS 7.
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