American Iron & Steel Industries reported that in the week ending December 20th 2008, US's raw steel production was 1.022 million tons while the capability utilization rate was 42.9%. Production was 2.102 million tons in the week ending December 20th 2008, while the capability utilization then was 88.1%. The current week production represents a 51.4% YoY decrease from the same period in 2007.
Production for the week ending December 20th 2008 is down by 12.5% WoW from the previous week ending December 13th 2008 when production was 1.168 million tons and the rate of capability utilization was 49%.
Adjusted YTD production through December 20th 2008 was 99.319 million tons, at a capability utilization rate of 82.1%. That is a 5.6% YoY decrease from the 105.206 million tons during the same period last year, when the capability utilization rate was 87%.
District wise production for the week ending December 20th 2008
1. Northeast Coast: 94
2. Pittsburgh/Youngstown: 105
3. Lake Erie: 24
4. Detroit: 29
5. Indiana/Chicago: 269
6. Midwest: 117
7. Southern: 342
8. Western: 42
(In thousands of net tons)
AISI's estimate is based on reports from companies representing about 75% of the US's raw steel capability and includes revisions for previous months.
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