By Paul Ploumis (ScrapMonster Author)

March 08, 2016 01:17:14 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 1.1% during the week ended March 5th, 2016. The production had declined marginally by 0.4% during the week prior to this.

The total domestic raw steel output during the week ending March 5th was 1,673,000 net tons. The AISI data indicates that the US raw steel production has dropped slightly by 1.1% during the week. This is in comparison with the previous week (ie., the week ended Feb 27th)  production figures of 1,692,000 net tons. However, the weekly output represents a marginal rise of 2.6% in comparison with production of 1,631,000 net tons during same week the previous year.

The capability utilization rate of US steel makers dropped to 71.5% during the week ended Mar 5th, 2016.

The capacity utilization rate has dropped when compared with 72.4% during the previous week (ie., the week ending February 27th). However, capacity utilization was higher when compared with the rate of 68.9% 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.