US weekly raw steel output declines; Midwest production slumps

By Paul Ploumis (ScrapMonster Author)

October 13, 2015 05:14:37 AM

The weekly raw steel output by the US declined by 1.3% during the week ended October 10th, 2015.US weekly raw steel output declines; Midwest production slumps

ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production by the country declined sharply during the week ended October 10th, 2015. The production had recorded marginal decline of 0.5% during the week prior to this.

The total domestic raw steel output during the week ending October 10th was 1,705,000 net tons. The AISI data indicates that the US raw steel production has declined significantly by 1.3% during the week. This is in comparison with the previous week (ie., the week ended Oct 3rd)  production figures of 1,727,000 net tons. However, the weekly output represents a sharp decline of 7.3% in comparison with production of 1,840,000 net tons during same week the previous year.

The capability utilization rate of US steel makers dropped to 71.3% during the week ended Oct 10th, 2015.

The capacity utilization rate has witnessed marginal dip when compared to 72.2% during the previous week (ie., the week ending October 3rd). On the other hand, capacity utilization was considerably lower when compared with the rate of 76.5% 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.