By Paul Ploumis (ScrapMonster Author)

March 28, 2016 10:09:14 PM

ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production by the country held more or less steady, rising slightly by 0.4% during the week ending March 26^th, 2016. The production had dropped sharply by 3.1% during the week prior to this.

The total domestic raw steel output during the week ending March 26^th was 1,675,000 net tons. The AISI data indicates that the US raw steel production has gone higher slightly by 0.4% during the week. This is in comparison with the previous week (ie., the week ended Mar 19^th)  production figures of 1,668,000 net tons. Also, the weekly output represents increase of 4.6% in comparison with production of 1,601,000 net tons during same week the previous year.

The capability utilization rate of US steel makers increased marginally to 71.6% during the week ended Mar 26^th, 2016.

The capacity utilization rate has increased when compared with 71.3% during the previous week (ie., the week ending March 19^th). However, capacity utilization was higher when compared with the rate of 67.7% 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.