The total domestic raw steel output during the week ending July 11th was 1,740,000 net tons. The AISI data indicates that the US raw steel production has inched higher by 3.3% during the week. This is in comparison with the previous week (ie., the week ended July 4th) production figures of 1,648,000 net tons. However, the weekly output represents a sharp decline of 9.10% in comparison with production of 1,914,000 net tons during same week the previous year.
The capacity utilization rate has edged higher when compared to 71.20% during the previous week (ie., the week ending July 4th). On the other hand, capacity utilization was considerably lower when compared with the rate of 79.0% during same week the previous year.