US production of raw steel decreased by 0.3 percent every week.

Steel orbis India 12-12-2023 Share US production of raw steel decreased by 0.3 percent every week.

The American Iron and Steel Institute (AISI) reports that domestic raw steel production was 1,697,000 net tonnes during the week ending December 9, 2023, with a capability utilisation rate of 73.8 percent.Compared to the previous week, which ended on December 2, 2023, when production was 1,702,000 net tonnes and the rate of capability utilisation was 74.1 percent, production for the week ending on December 9, 2023 is down 0.3 percent.The week ending December 9, 2022, saw 1,576,000 net tonnes of production, with a 70.6 percent capability utilisation at that time. The production for this week is 7.7% higher than it was during the same time last year.With a capability utilisation rate of 75.5%, adjusted production through December 9, 2023, was 83,640,000 net tonnes. That is down 0.2 percent from the 83,802,000 net tons during the same period last year, when the capability utilization rate was 77.5 percent.

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