In the week ending May 16, 2009, domestic raw steel production was 1,060,000 net tons while the capability utilization rate was 44.4 percent. Production was 2,173,000 tons in the week ending May 16, 2008, while the capability utilization then was 91.1 percent. The current week production represents a 51.3 percent decrease from the same period in the previous year. Production for the week ending May 16, 2009 is up 3.7 percent from the previous week ending May 9, 2009 when production was 1,023,000 tons and the rate of capability utilization was 42.9 percent.
Adjusted year-to-date production through May 16,2009 was 19,765,000 tons, at a capability utilization rate of 42.6 percent. That is a 52.9 percent decrease from the 41,951,000 tons during the same period last year, when the capability utilization rate was 90.6 percent.
Broken down by districts, here's production for the week ending May 16, 2009 in thousands of net tons: Northeast Coast: 98; Pittsburgh/Youngstown: 92; Lake Erie: 10; Detroit: 41; Indiana/Chicago: 301; Midwest: 111; Southern: 353 and Western: 54.
(Estimate based on reports from companies representing about 50% of the Industry's Raw Steel Capability + includes revisions for previous months)
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