By Paul Ploumis 04 Aug 2015 Last updated at 08:37:33 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 slightly during the week ended August 1st, 2015. The production had declined by 0.7% during the week prior to this.
The total domestic raw steel output during the week ending August 1st was 1,760,000 net tons. The AISI data indicates that the US raw steel production has gone higher marginally by 1.1% during the week. This is in comparison with the previous week (ie., the week ended July 25th) production figures of 1,740,000 net tons. However, the weekly output represents a sharp decline of 8.0% 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 73.6% during the week ended Aug 1st, 2015.
The capacity utilization rate has increased marginally when compared to 72.8% during the previous week (ie., the week ending July 25th). On the other hand, capacity utilization was considerably lower when compared with the rate of 79.6% 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.