Home / Metal News /  / US Weekly Raw Steel production remain flat despite 31% jump in Western output
US Weekly Raw Steel production remain flat despite 31% jump in Western output
Mar 29,2016 14:37CST
industry news
Source:SMM
The US weekly raw steel output was essentially flat, rising marginally by 0.4% during the week ended March 26th, 2016.

By (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 26th, 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 26th 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 19th)  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 26th, 2016.

The capacity utilization rate has increased when compared with 71.3% during the previous week (ie., the week ending March 19th). 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:-    

 

Region

Steel production (in ‘000 nt)

% Change

Week ended Mar 19th

Week ended Mar 26th

North East

199

199

Nil

Great Lakes

625

670

+7.2

Southern

591

536

-9.31

Western

65

85

+30.77

Midwest

188

185

-1.60

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.


US weekly raw steel output

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news