US weekly Crude Steel production dips

NEW YORK (Scrap Monster): In the week ending December 29, 2012, domestic raw steel production was 1,827,000 net tons while the capability utilization rate was 73.9 percent.

Production was 1,863,000 tons in the week ending December 29, 2011, while the capability utilization then was 75.2 percent. The current week production represents a 1.9 percent decrease from the same period in the previous year.

Production for the week ending December 29, 2012 is down 0.7 percent from the previous week ending December 22, 2012 when production was 1,840,000 tons and the rate of capability utilization was 74.5 percent.

Adjusted year-to-date production through December 29, 2012 was 97,227,000 tons, at a capability utilization rate of 75.7 percent. That is a 2.7 percent increase from the 94,705,000 tons during the same period last year, when the capability utilization rate was 74.4 percent