By Paul Ploumis 14 Jul 2015 Last updated at 01:27:57 GMT
ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production by the country increased substantially during the week ended July 11th, 2015. The production had declined by 2.8% during the week prior to this.
The total domestic raw steel output during the week ending July 11th was 1,740,000 net tons. The AISI data indicates that the US raw steel production has inched higher by 3.3% during the week. This is in comparison with the previous week (ie., the week ended July 4th) production figures of 1,648,000 net tons. However, the weekly output represents a sharp decline of 9.10% in comparison with production of 1,914,000 net tons during same week the previous year.
The capability utilization rate of US steel makers increased to 72.80% during the week ended July 11th, 2015.
The capacity utilization rate has edged higher when compared to 71.20% during the previous week (ie., the week ending July 4th). On the other hand, capacity utilization was considerably lower when compared with the rate of 79.0% 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 July 4th | Week ended July 11th | ||
North East | 225 | 218 | -3.11 |
Great Lakes | 628 | 633 | +0.80 |
Southern | 555 | 597 | +7.57 |
Western | 72 | 83 | +15.28 |
Midwest | 204 | 209 | +2.45 |
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.
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