US Raw Steel output declined 0.8% in the week ending Dec 19th

Published: Dec 23, 2015 09:21

Save

The weekly raw steel output by the US dropped by 0.8% during the week ended December 19th, 2015.

By Paul Ploumis (ScrapMonster Author)

December 22, 2015 07:53:53 AM

ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production by the country dropped marginally by 0.8% during the week ended December 19th, 2015. The production had dropped by 1.1% during the week prior to this.

The total domestic raw steel output during the week ending December 19th was 1,523,000 net tons. The AISI data indicates that the US raw steel production has declined slightly by 0.8% during the week. This is in comparison with the previous week (ie., the week ended Dec 12th) production figures of 1,536,000 net tons. Also, the weekly output represents a sharp decline of 15.2% in comparison with production of 1,795,000 net tons during same week the previous year.

The capability utilization rate of US steel makers declined to 63.7% during the week ended Dec 19th, 2015.

The capacity utilization rate has declined marginally when compared with 64.2% during the previous week (ie., the week ending December 12th). Also, capacity utilization was considerably lower when compared with the rate of 74.6% during same week the previous year.

The region-wise comparative weekly production figures are provided below:-

Region	Steel production (in ‘000 nt)		% Change
Region	Week ended Dec 12th	Week ended Dec 19th	% Change
North East	192	191	-0.52
Great Lakes	547	573	+4.75
Southern	506	492	-2.77
Western	74	65	-12.16
Midwest	217	202	-6.91

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

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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

Related News

15 hours ago

Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution

Federal Reserve Governor Milan pointed out that it is necessary for the US Fed to cut interest rates by more than 100 basis points this year. At the same time, he is very much looking forward to the performance of Kevin Warsh as Fed Chairman. However, Richmond Fed President Barkin emphasized that monetary policy must remain cautious until inflation fully pulls back to the target level, thereby ensuring the stability of the labour market.

15 hours ago

Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation

All 11 Democratic members of the US Senate Banking Committee jointly sent a letter to the committee's chairman, Tim Scott, requesting that all nomination processes for the prospective Fed Chairman, Kevin Warsh, be postponed until the criminal investigation into current Fed Chairman Powell and other board members is concluded. However, Scott stated that Warsh's confirmation was a done deal.

15 hours ago

Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027

The US Fed has announced that it will maintain the capital levels of large banks unchanged during the upcoming stress test cycle (corresponding to the 2026 cycle). At the same time, the US Fed is planning multidimensional reforms to this annual test, aiming to enhance its transparency. The US Fed's Vice Chair for Supervision, Bowman, revealed that adjustments to the stress capital buffer requirements for large banks will be postponed until 2027. This move is intended to provide the US Fed with sufficient time to evaluate potential flaws that may be exposed in its testing models when assessing banks' financial conditions under simulated economic downturn scenarios.

15 hours ago