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US raw steel output crumbles 2.4% during last week Jan 2015

iconFeb 3, 2015 16:12
As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production by the country declined during the week ended January 31st, 2015.

 Author: Paul Ploumis03 Feb 2015 Last updated at 00:03:12 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 during the week ended January 31st, 2015.
 
The total raw steel output during the week ending January 31st was 1,782,000 net tons. The AISI data indicates that the US raw steel production has dropped by 2.4% during the week. This is in comparison with the previous week (ie., the week ended January 24th)  production figures of 1,825,000 net tons. Also, the weekly output suggests a decline of 2.3% 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 75.4% during the week ended January 31st, 2015.
 
The capacity utilization rate has dropped marginally when compared to 75.9% during the previous week (ie., the week ending January 24th). Also, capacity utilization was slightly lower when compared with the rate of 75.8% 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 Jan 24th

Week ended Jan 31st

North East

219

217

-0.91

Great Lakes

666

670

+0.60

Southern

614

582

-5.21

Western

90

87

-3.33

Midwest

236

226

-4.24

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.
 
 
US crude steel production
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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