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US weekly raw steel output down 0.5% during week ended July 19, 2014: AISI
Jul 22,2014 13:33CST
industry news
Source:SMM
As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production in the country was marginally down by 0.5% during the week ended July 17th, 2014.

Author: Paul Ploumis22 Jul 2014 Last updated at 01:40:45 GMT

ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production in the country was marginally down by 0.5% during the week ended July 17th, 2014.

The total raw steel output during the week ending July 17th was 1,893,000 net tons. The AISI data indicates that the US raw steel production has declined 0.5% during the week. This is in comparison with the previous week (ie., the week ended July 12th ) production figures of 1,903,000 net tons. Also, the weekly output suggests a 2.2% rise in comparison with production during same week the previous year.

The capacity utilization rate of US steel makers was 78.7% during the week ended July 17th.

The capacity utilization rate has gone down when compared to 79.1% during the previous week (ie., the week ending July 12th). However, the capacity utilization was higher when compared with the rate of 77.3% during same week the previous year.

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

 

Region

Steel production (in ‘000 nt)

% Change

Week ended July 12th

Week ended July 17th

North East

238

235

-1.26

Great Lakes

677

683

+0.89

Southern

660

649

-1.67

Western

90

89

-1.11

Midwest

238

237

-0.42

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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