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US Raw Steel output holds steady; 8.4% drop in Great Lakes region offsets gains
Apr 12,2016 14:40CST
industry news
Source:SMM
The US weekly raw steel output held steady, rising marginally by 0.4% during the week ended April 9th, 2016.

By (ScrapMonster Author)

April 12, 2016 01:06:53 AM

ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production by the country remained more or less steady with marginal 0.4% gain during the week ending April 9th, 2016. The gains in other regions were offset by 8.4% decline in output by Great Lakes region. The production had declined by 1.5% during the week prior to this.

The total domestic raw steel output during the week ending April 9th was 1,656,000 net tons. The AISI data indicates that the US raw steel production has increased slightly by 0.4% during the week. This is in comparison with the previous week (ie., the week ended Apr 2nd)  production figures of 1,650,000 net tons. Also, the weekly output represents marginal improvement of 0.4% in comparison with production of 1,649,000 net tons during same week the previous year.

The capability utilization rate of US steel makers increased slightly to 70.8% during the week ended Apr 9th, 2016.

The capacity utilization rate has gone higher when compared with 70.6% during the previous week (ie., the week ending April 2nd). However, capacity utilization was higher when compared with the rate of 69.8% 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 Apr 2nd

Week ended Apr 9th

North East

203

204

+0.49

Great Lakes

681

624

-8.37

Southern

499

552

+10.62

Western

83

85

+2.41

Midwest

184

191

+3.80

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

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