The American Iron and Steel Institute today reported that for the week ending July 2, 2016, domestic raw steel production was 1,737,000 net tons while the capability utilization rate was 74.3 percent. Production was 1,758,000 net tons in the week ending July 2, 2015 while the capability utilization then was 74.1 percent. The current week production represents a 1.2 percent decrease from the same period in the previous year. Production for the week ending July 2, 2016 is down 1.1 percent from the previous week ending June 25, 2016 when production was 1,757,000 net tons and the rate of capability utilization was 75.1 percent.
Adjusted year-to-date production through July 2, 2016 was 45,742,000 net tons, at a capability utilization rate of 72.4 percent. That is down 0.7 percent from the 46,072,000 net tons during the same period last year, when the capability utilization rate was 72.1 percent.
Broken down by districts, steel production for the week ending July 2, 2016 in thousands of net tons is as follows: North East: 206; Great Lakes: 693; Midwest: 166; Southern: 601 and Western: 71 for a total of 1737.