US raw steel output extends decline for second straight week

Author: Paul Ploumis
08 Apr 2015 Last updated at 08:05:18 GMT
ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production by the country continued to drop during the week ended April 4th, 2015. The weekly output had dropped during the week prior to this.

The total raw steel output during the week ending April 4th was 1,600,000 net tons. The AISI data indicates that the US raw steel production has declined by 1.7% during the week. This is in comparison with the previous week (ie., the week ended March 28th) production figures of 1,628,000 net tons. Also, the weekly output represents a sharp decline of 13.7% in comparison with production of 1,853,000 net tons during same week the previous year.

The capability utilization rate of US steel makers was 67.7% during the week ended April 4th, 2015.

The capacity utilization rate has declined marginally lower when compared to 68.9% during the previous week (ie., the week ending March 28th). Also, capacity utilization was considerably lower when compared with the rate of 77.1% 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.