According to the American Iron and Steel Institute, in the week ending July 5, 2014, US domestic raw steel production was 1,853,000 net tons while the capability utilization rate was 77.0 percent. Production was 1,844,000 net tons in the week ending July 5, 2013, while the capability utilization then was 77.0 percent. The current week production represents a 0.5 percent increase from the same period in the previous year. Production for the week ending July 5, 2014 is down 0.5 percent from the previous week ending June 28, 2014 when production was 1,863,000 net tons and the rate of capability utilization was 77.5 percent.
Adjusted year-to-date production through July 5, 2014 was 48,831,000 net tons, at a capability utilization rate of 76.5 percent. That is no change from the 48,831,000 net tons during the same period last year, when the capability utilization rate was 76.8 percent.
