US weekly raw steel production declines by 1.5%

By  Paul Ploumis 25 Aug 2015  Last updated at  01:42:48 GMT

ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production by the country saw marginal drop during the week ended August 22^nd, 2015. The production had increased slightly by 0.7% during the week prior to this.

The total domestic raw steel output during the week ending August 22^nd was 1,742,000 net tons. The AISI data indicates that the US raw steel production has dropped marginally by 1.5% during the week. This is in comparison with the previous week (ie., the week ended Aug 15^th)  production figures of 1,768,000 net tons. Also, the weekly output represents a sharp decline of 9.7% in comparison with production of 1,930,000 net tons during same week the previous year.

The capability utilization rate of US steel makers decreased to 72.9% during the week ended Aug 22^nd, 2015.

The capacity utilization rate has dropped slightly when compared to 73.9% during the previous week (ie., the week ending August 15^th). Also, capacity utilization was considerably lower when compared with the rate of 80.2% during same week the previous year.

The region-wise comparative weekly production figures are provided below:-    

The American Iron and Steel Institute (AISI) is an association of North American steel producers. AISI's member companies represent over three quarters of both U.S. and North American steel capacity.

AISI determines its weekly raw steel production data based on weekly data from 50% of the domestic industry and estimates the rest using monthly production data.