American Iron & Steel Industries reported that, in the week ending July 7th 2012, US domestic raw steel production was 1.869 million tons while the capability utilization rate was 75.6%. Production was 1.834 million tons in the week ending July 7th 2011, while the capability utilization then was 75%.
The current week production represents a 1.9% YoY increase from the same period in the previous year. Production for the week ending July 7th 2012 is down by 0.6% WoW from the previous week ending June 30th 2012 when production was 1.881 million tons and the rate of capability utilization was 76.1%.
SABIC contributes to national development
The Saudi Basic Industries Corporation (SABIC) sponsored the Industrial Innovation Award which was presented to developers of new ideas for industrial projects at a ceremony held in Riyadh on May 18.