Home / Metal News / US weekly raw steel output declines; Midwest production slumps

US weekly raw steel output declines; Midwest production slumps

iconOct 13, 2015 16:45
Source:SMM
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.

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:-    

Region

Steel production (in ‘000 nt)

% Change

Week ended Oct 3rd

Week ended Oct 10th

North East

195

189

-3.08

Great Lakes

659

654

-0.76

Southern

563

568

+0.89

Western

89

91

+2.25

Midwest

221

203

-8.14

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.


raw steel output
raw steel

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All