US raw steel output rebounds after two weeks of decline

Author: Paul Ploumis
14 Apr 2015 Last updated at 01:36:12 GMT
ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production by the country rebounded during the week ended April 11th, 2015. The weekly output had dropped for two straight weeks prior to this.

The total raw steel output during the week ending April 11th was 1,621,000 net tons. The AISI data indicates that the US raw steel production has climbed higher marginally by 1.3% during the week. This is in comparison with the previous week (ie., the week ended April 4th) production figures of 1,600,000 net tons. Also, the weekly output represents a sharp decline of 12.0% in comparison with production of 1,841,000 net tons during same week the previous year.

The capability utilization rate of US steel makers was 68.6% during the week ended April 11th, 2015.

The capacity utilization rate has increased marginally when compared to 67.7% during the previous week (ie., the week ending April 4th). Also, capacity utilization was considerably lower when compared with the rate of 76.6% 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.