US raw steel output see sharp decline week-on-week

Author: Paul Ploumis
20 Jan 2015 Last updated at 02:41:05 GMT
ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production by the country declined sharply during the week ended January 17th, 2015.

The total raw steel output during the week ending January 17th was 1,806,000 net tons. The AISI data indicates that the US raw steel production has dropped lower by 4.9% during the week. This is in comparison with the previous week (ie., the week ended January 10th)  production figures of 1,899,000 net tons. Also, the weekly output suggests a decline of 1.0% in comparison with production of 1,824,000 net tons during same week the previous year.

The capability utilization rate of US steel makers was 75.1% during the week ended January 17th, 2015.

The capacity utilization rate has dropped when compared to 79.0% during the previous week (ie., the week ending January 10th). Also, capacity utilization was down marginally when compared with the rate of 75.8% 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.