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US raw steel production slides 1 percent

Keywords: Tags  steel production, steel output, American Iron and Steel Institute

NEW YORK — U.S. raw steel output totaled an estimated 1,806,000 net tons last week, down 1 percent from 1,824,000 tons the previous week, as mills operated at an average capability utilization rate of 75.4 percent.

In the corresponding week last year, mills produced 1,918,000 tons at an average capability utilization rate of 77.6 percent, according to the American Iron and Steel Institute, Washington.

Mills have produced 7,205,000 tons so far this year at an average capability utilization rate of 75 percent, down 5.9 percent from the same period last year, when mills produced 7,657,000 tons at an average capability utilization rate of 77.6 percent.

The capability utilization figures for 2013 reflect a change in the overall capacity of the market due to the closure of several steelmaking facilities in 2012, new facilities coming online and improvements made at existing facilities to increase their capability, the AISI said.

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