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US Weekly Steel Mill Output Rises 1.6% Over The Week: AISI
Jun 24,2014 13:41CST
industry news
Source:SMM
As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production in the country increased by 1.6% during the week ended June 21st.

Author: Paul Ploumis 24 Jun 2014 

ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production in the country increased by 1.6% during the week ended June 21st.

The total raw steel output during the week ending June 21st was 1,880,000 net tons. The AISI data indicates that the US raw steel production has increased by 1.6% during the week. This is in comparison with the previous week (ie., the week ended June 14th)  production figures of 1,850,000 net tons. Also, the weekly output suggests a 3.1% rise in comparison with production during same week the previous year.

The capacity utilization rate of US steel makers was 78.2% during the week ended June 21st.

The capacity utilization rate has inched higher when compared to 76.9% during the previous week (ie., the week ending June 14th). The 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:-   

 

Steel production (in ‘000 nt)

% Change

Week ended June 14th

Week ended June 21st

North East

229

226

-1.31

Great Lakes

648

665

+2.62

Southern

638

657

+2.98

Western

89

89

Nil

Midwest

246

243

-1.22

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.
 

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