NEW YORK (Scrap Monster):United States raw steel production was 1,942,000 net tons in the week ending February 18, 2012 while the capability utilization rate was 78.6%, said American Iron and Steel Institute (AISI) in a weekly research note.
According to AISI, production was 1,780,000 tons in the week ending February 18, 2011, while the capability utilization then was 75.4%.
The current week production represents a 9.1% increase from the same period in the previous year. Production for the week ending February 18, 2012 is up 0.7% from the previous week ending February 11, 2012 when production was 1,929,000 tons and the rate of capability utilization was 78.1%.
Adjusted year-to-date production through February 18, 2012 was 13,361,000 tons, at a capability utilization rate of 77.2%. That is a 6.9% increase from the 12,504,000 tons during the same period last year, when the capability utilization rate was 74.2%.
Broken down by districts, here's production for the week ending February 18, 2012 in thousands of net tons: North East: 253; Great Lakes: 658; Midwest: 244; Southern: 698 and Western: 89.