By Paul Ploumis (ScrapMonster Author)
April 26, 2016 08:00:40 AM
ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production by the country declined marginally by 0.5% during the week ending April 23rd, 2016. The production had gained by 2.2% during the week prior to this.
The total domestic raw steel output during the week ending April 23rd was 1,684,000 net tons. The AISI data indicates that the US raw steel production has dropped marginally by 0.5% during the week. This is in comparison with the previous week (ie., the week ended Apr 16th) production figures of 1,693,000 net tons. However, the weekly output represents improvement of 2.1% in comparison with production of 1,649,000 net tons during same week the previous year.
The capability utilization rate of US steel makers dropped slightly to 72.0% during the week ended Apr 23rd, 2016.
The capacity utilization rate has dropped slightly when compared with 72.4% during the previous week (ie., the week ending April 16th). On the other hand, 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:-
Steel production (in ‘000 nt)
Week ended Apr 16th
Week ended Apr 23rd
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.