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US weekly steel production remains on upward path

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The American Iron and Steel Institute reported that in the week ending September 17th 2011, US domestic raw steel production was 1,884,000 net tons while the capability utilization rate was 77%.

Production was 1,699,000 tons in the week ending September 17th 2010, while the capability utilization then was 70.2%.

The current week production represents a 10.9% increase from the same period in the previous year.

Production for the week ending September 17, 2011 is up 0.8% from the previous week ending September 10, 2011 when production was 1,869,000 tons and the rate of capability utilization was 76.4%.

Adjusted year to date production through September 17, 2011 was 67,967,000 tons, at a capability utilization rate of 74.8%. That is a 6.5% increase from the 63,790,000 tons during the same period last year, when the capability utilization rate was 71.2%.

Broken down by districts, here's production for the week ending September 17, 2011 in thousands of net tons: Northeast Coast: 126; Pittsburgh/Youngstown: 146; Lake Erie: 44; Detroit: 115; Indiana/Chicago: 481; Midwest: 269; Southern: 615 and Western: 88.

The raw steel production tonnage provided in this report is estimated.

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