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:-
Steel production (in ‘000 nt)
Week ended Mar 19th
Week ended Mar 26th
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.