By Paul Ploumis 01 Sep 2015 Last updated at 02:14:45 GMT
The weekly raw steel output by the US recorded a marginal drop of 2.2% during the week ended August 29th, 2015.
ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production by the country saw marginal drop during the week ended August 29th, 2015. The production had dropped slightly by 1.5% during the week prior to this.
The total domestic raw steel output during the week ending August 29th was 1,703,000 net tons. The AISI data indicates that the US raw steel production has dropped marginally by 2.2% during the week. This is in comparison with the previous week (ie., the week ended Aug 22nd) production figures of 1,742,000 net tons. Also, the weekly output represents a sharp decline of 11.8% in comparison with production of 1,930,000 net tons during same week the previous year.
The capability utilization rate of US steel makers decreased to 71.2% during the week ended Aug 29th, 2015.
The capacity utilization rate has dropped slightly when compared to 72.9% during the previous week (ie., the week ending August 22nd). Also, capacity utilization was considerably lower when compared with the rate of 80.2% during same week the previous year.
The region-wise comparative weekly production figures are provided below:-
Steel production (in ‘000 nt)
Week ended Aug 22nd
Week ended Aug 29th
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.