By Paul Ploumis (ScrapMonster Author)
November 17, 2015 01:05:26 AM
ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production by the country declined considerably during the week ended November 14th, 2015. The production had recorded steep decline of 1.4% during the week prior to this.
The total domestic raw steel output during the week ending November 14th was 1,601,000 net tons. The AISI data indicates that the US raw steel production has declined significantly by 1.1% during the week. This is in comparison with the previous week (ie., the week ended Nov 7th) production figures of 1,618,000 net tons. Also, the weekly output represents a sharp decline of 13.7% in comparison with production of 1,856,000 net tons during same week the previous year.
The capability utilization rate of US steel makers dropped to 67.0% during the week ended Nov 14th, 2015.
The capacity utilization rate has witnessed modest decline when compared with 67.7% during the previous week (ie., the week ending November 7th). Also, capacity utilization was considerably lower when compared with the rate of 77.2% during same week the previous year.
The region-wise comparative weekly production figures are provided below:-
Steel production (in ‘000 nt)
Week ended Nov 7th
Week ended Nov 14th
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.