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

 

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.