Author: Paul Ploumis
27 Jan 2015 Last updated at 07:50:41 GMT
ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production by the country recovered marginally during the week ended January 24th, 2015.
The total raw steel output during the week ending January 24th was 1,825,000 net tons. The AISI data indicates that the US raw steel production has increased by 1.1% during the week. This is in comparison with the previous week (ie., the week ended January 17th) production figures of 1,806,000 net tons. Also, the weekly output suggests a marginal rise of 0.10% 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 75.9% during the week ended January 24th, 2015.
The capacity utilization rate has increased when compared to 75.1% during the previous week (ie., the week ending January 17th). Also, capacity utilization was up slightly when compared with the rate of 75.8% during same week the previous year.
The region-wise comparative weekly production figures are provided below:-
|
|
Steel production (in ‘000 nt) |
% Change |
|
|
Week ended Jan 17th |
Week ended Jan 24th |
||
|
North East |
218 |
219 |
+0.46 |
|
Great Lakes |
650 |
666 |
+2.46 |
|
Southern |
607 |
614 |
+1.15 |
|
Western |
95 |
90 |
-5.56 |
|
Midwest |
236 |
236 |
Nil |
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.