US weekly raw steel output drops 2.7%

By  Paul Ploumis 15 Sep 2015  Last updated at  08:39:42 GMT

ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production by the country dropped sharply during the week ended September 12^th, 2015. The production had increased by 2.2% during the week prior to this.

The total domestic raw steel output during the week ending September 12^th was 1,694,000 net tons. The AISI data indicates that the US raw steel production has declined by 2.7% during the week. This is in comparison with the previous week (ie., the week ended Sep 5^th)  production figures of 1,741,000 net tons. Also, the weekly output represents a sharp decline of 9.8% in comparison with production of 1,878,000 net tons during same week the previous year.

The capability utilization rate of US steel makers dropped to 70.9% during the week ended Sep 12^th, 2015.

The capacity utilization rate has slipped marginally when compared to 72.8% during the previous week (ie., the week ending September 5^th). Also, capacity utilization was considerably lower when compared with the rate of 78.1% 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.