US weekly raw steel output up 0.7%

By  Paul Ploumis 18 Aug 2015  Last updated at  01:43:13 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 rise during the week ended August 15th, 2015. The production had dropped slightly by 0.2% during the week prior to this.

The total domestic raw steel output during the week ending August 15th was 1,768,000 net tons. The AISI data indicates that the US raw steel production has edged higher marginally by 0.7% during the week. This is in comparison with the previous week (ie., the week ended Aug 8th)  production figures of 1,756,000 net tons. However, the weekly output represents a sharp decline of 8.4% in comparison with production of 1,930,000 net tons during same week the previous year.

The capability utilization rate of US steel makers increased to 73.9% during the week ended Aug 8th, 2015.

The capacity utilization rate has increased slightly when compared to 73.4% during the previous week (ie., the week ending August 8th). 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.