CHICAGO (Scrap Monster): The US raw steel production was recorded at 1,862,000 tons for the week ended October 15, representing a growth of 14.3% over October 15, 2010 when production was 1,629,000 tons and 1.6% up compared to previous week ended October 8, according to American Iron and Steel Institute. Capacity utilization has climbed to 75.1% compared to 67.3% a year earlier.
For week ending October 8, production reported was 1,833,000 tons and rate of capacity utilization was 74.0 percent. Adjusted year-to-date production through October 15, 2011 was 75,294,000 tons, at a capability utilization rate of 74.8 percent. That is a 6.9 percent increase from the 70,455,000 tons during the same period last year, when the capability utilization rate was 70.8 percent.
Broken down by districts, here's production for the week ending October 15, 2011 in thousands of net tons: Northeast Coast: 124; Pittsburgh/Youngstown: 151; Lake Erie: 47; Detroit: 81; Indiana/Chicago: 486; Midwest: 246; Southern: 637 and Western: 90.