US weekly raw steel production declined 1.8%

 

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 30th, 2015. The production has declined after two consecutive weeks of gain.

 

The total raw steel output during the week ending May 30th was 1,700,000 net tons. The AISI data indicates that the US raw steel production has dropped by 1.8% during the week. This is in comparison with the previous week (ie., the week ended May 23rd)  production figures of 1,732,000 net tons. However, the weekly output represents a sharp decline of 8.6% 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 71.9% during the week ended May 30th, 2015.

 

The capacity utilization rate has declined marginally when compared to 73.3% during the previous week (ie., the week ending May 23rd). 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:-    

 

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.