US raw steel production rises further

Author: Paul Ploumis
06 May 2015 Last updated at 01:36:21 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 rise during the week ended May 2nd, 2015. The country’s crude steel production has climbed higher for four consecutive weeks now.

The total raw steel output during the week ending May 2nd was 1,712,000 net tons. The AISI data indicates that the US raw steel production has climbed higher by 0.3% during the week. This is in comparison with the previous week (ie., the week ended April 25th) production figures of 1,707,000 net tons. Also, the weekly output represents a sharp decline of 7.0% 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 72.4% during the week ended May 2nd, 2015.

The capacity utilization rate has increased marginally when compared to 72.2% during the previous week (ie., the week ending April 25th). However, 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.