By Paul Ploumis (ScrapMonster Author)

January 12, 2016 01:02:15 AM

ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production by the country rebounded sharply by 10.7% during the week ended January 9^th, 2016. The production had declined by 1.1% during the week prior to this.

The total domestic raw steel output during the week ending January 9^th was 1,594,000 net tons. The AISI data indicates that the US raw steel production has surged higher considerably by 10.7% during the week. This is in comparison with the previous week (ie., the week ended Jan 2^nd )  production figures of 1,440,000 net tons. However, the weekly output represents a sharp decline of 11.8% in comparison with production of 1,807,000 net tons during same week the previous year.

The capability utilization rate of US steel makers climbed higher to 66.7% during the week ended Jan 9^th, 2015.

The capacity utilization rate has increased sharply when compared with 60.2% during the previous week (ie., the week ending January 2^nd). However, capacity utilization was considerably lower when compared with the rate of 76.4% 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.