US Weekly Raw Steel output rises further during week ending Jan 16th

By Paul Ploumis (ScrapMonster Author)

January 19, 2016 01:11:06 AM

ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production by the country continued to rise by 3.6% during the week ended January 16th, 2016. The production had surged higher significantly by 10.7% during the week prior to this.

The total domestic raw steel output during the week ending January 16th was 1,652,000 net tons. The AISI data indicates that the US raw steel production has risen sharply by 3.6% during the week. This is in comparison with the previous week (ie., the week ended Jan 9th)  production figures of 1,594,000 net tons. However, the weekly output represents a sharp decline of 8.6% 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 69.1% during the week ended Jan 16th, 2015.

The capacity utilization rate has increased sharply when compared with 66.7% during the previous week (ie., the week ending January 9th). 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.