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US raw steel production posts 2.7% weekly drop
May 12,2015 15:37CST
industry news
Source:SMM
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 May 9th, 2015.

 Author: Paul Ploumis12 May 2015 Last updated at 01:45:02 GMT

 
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 May 9th, 2015. The raw steel output has declined for the first time after rising continuously for four weeks in a row.
 
The total raw steel output during the week ending May 9th was 1,665,000 net tons. The AISI data indicates that the US raw steel production has dropped by 2.7% during the week. This is in comparison with the previous week (ie., the week ended May 2nd)  production figures of 1,712,000 net tons. Also, the weekly output represents a sharp decline of 10.5% in comparison with production of 1,860,000 net tons during same week the previous year.
 
The capability utilization rate of US steel makers was 70.4% during the week ended May 9th, 2015.
 
The capacity utilization rate has declined marginally when compared to 72.4% during the previous week (ie., the week ending May 2nd). However, capacity utilization was considerably lower when compared with the rate of 77.3% 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 May 2nd

Week ended May 9th

North East

217

221

+1.84

Great Lakes

650

610

-6.15

Southern

546

556

+1.83

Western

90

85

-5.56

Midwest

209

193

-7.66

 
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.
US raw steel production

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