ALBANY (Scrap Monster): As per
the statistics released by the American Iron and Steel Institute (AISI), the raw
steel production by the country rebounded significantly during the week ended
December 5th, 2015. The production had recorded sharp decline of 4.8%
during the week prior to this.
The total domestic raw steel output during the week ending December 5th was 1,553,000 net tons. The AISI data indicates that the US raw steel production has increased significantly by 4.4% during the week. This is in comparison with the previous week (ie., the week ended Nov 28th) production figures of 1,487,000 net tons. However, the weekly output represents a sharp decline of 14.3% in comparison with production of 1,812,000 net tons during same week the previous year.
The capability utilization rate of US steel makers surged to 65.0% during the week ended Dec 5th, 2015.
The capacity utilization rate has witnessed significant rise when compared with 62.2% during the previous week (ie., the week ending November 28th). However, capacity utilization was considerably lower when compared with the rate of 75.3% during same week the previous year.
The region-wise comparative weekly production figures are provided below:-
Steel production (in ‘000 nt)
Week ended Nov 28th
Week ended Dec 5th
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.