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 20th, 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 20th 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 13th) 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 20th, 2015.
The capacity utilization rate has dropped when compared with 72.8% during the previous week (ie., the week ending February 13th). 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:-
Steel production (in ‘000 nt)
Week ended Feb 13th
Week ended Feb 20th
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.