NEW YORK (Scrap Monster): In the week ending March 3, 2012, US raw steel production was 1,947,000 net tons while the capability utilization rate was 78.8 percent, according to the data released by American Iron and Steel Institute in a weekly research note.
According to AISI, production was 1,803,000 tons in the week ending March 3, 2011, while the capability utilization then was 75.2 percent. The current week production represents a 8.0 percent increase from the same period in the previous year. Production for the week ending March 3, 2012 is up 0.9 percent from the previous week ending February 25, 2012 when production was 1,930,000 tons and the rate of capability utilization was 78.1 percent.
Adjusted year-to-date production through March 3, 2012 was 17,238,000 tons, at a capability utilization rate of 77.5 percent. That is a 7.2 percent increase from the 16,087,000 tons during the same period last year, when the capability utilization rate was 74.2 percent.
Broken down by districts, here's production for the week ending March 3, 2012 in thousands of net tons: North East: 264; Great Lakes: 652; Midwest: 259; Southern: 682 and Western: 90.