US Weekly raw steel output declines; Southern production plunges over 6%

ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production in the country declined during the week ended June 7th.

The total raw steel output during the week ending June 7th was 1,845,000 net tons. The AISI data indicates that the US raw steel production has decreased by 2.6% during the week. This is in comparison with the previous week (ie., the week ended May 31st) production figures of 1,895,000 net tons. Also, the weekly output suggests a 1.2% rise in comparison with production during same week the previous year.

The capacity utilization rate of US steel makers was 76.7% during the week ended June 7th.

The capacity utilization rate has inched lower when compared to 78.8% during the previous week (ie., the week ending May 31st). But, capacity utilization is higher when compared to the rate of 76.1% 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.