US raw steel production falls further by 2.5% week-on-week

 

ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production by the country dropped significantly during the week ended February 21st, 2015.

 

The total raw steel output during the week ending February 21st was 1,716,000 net tons. The AISI data indicates that the US raw steel production has dropped by 2.5% during the week. This is in comparison with the previous week (ie., the week ended February 14th)  production figures of 1,760,000 net tons. Also, the weekly output suggests a sharp decline of 5.9% 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 72.6% during the week ended February 21st, 2015.

 

The capacity utilization rate has dropped when compared to 74.8% during the previous week (ie., the week ending February 14th). Also, capacity utilization was 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 Feb 14th	Week ended Feb 21st
North East	216	214	-0.93
Great Lakes	656	652	-0.61
Southern	592	545	-7.94
Western	87	89	+2.30
Midwest	209	216	+3.35

 

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.