By Paul Ploumis (ScrapMonster Author)

February 24, 2016 01:22:30 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 slightly by 0.2% during the week ended February 20^th, 2016. The production had increased marginally by 1.1% during the week prior to this.

The total domestic raw steel output during the week ending February 20^th was 1,699,000 net tons. The AISI data indicates that the US raw steel production has dropped slightly by 0.2% during the week. This is in comparison with the previous week (ie., the week ended Feb 13^th)  production figures of 1,703,000 net tons. Also, the weekly output represents a marginal decline of 0.4% in comparison with production of 1,705,000 net tons during same week the previous year.

The capability utilization rate of US steel makers dropped to 72.7% during the week ended Feb 20^th, 2015.

The capacity utilization rate has dropped when compared with 72.8% during the previous week (ie., the week ending February 13^th). However, capacity utilization was slightly higher when compared with the rate of 72.4% 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.