US Weekly Raw Steel output up 2.2%; North East output drops

By Paul Ploumis (ScrapMonster Author)

May 10, 2016 09:51:51 AM

ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production by the country was up marginally by 2.2% during the week ending May 7th, 2016. The production had increased by 1.6% during the week prior to this.

The total domestic raw steel output during the week ending May 7th was 1,748,000 net tons. The AISI data indicates that the US raw steel production has increased marginally by 2.2% during the week. This is in comparison with the previous week (ie., the week ended Apr 30th)  production figures of 1,711,000 net tons. Also, the weekly output represents improvement of 2.6% in comparison with production of 1,704,000 net tons during same week the previous year.

The capability utilization rate of US steel makers rose slightly to 74.7% during the week ended May 7th, 2016.

The capacity utilization rate has increased considerably when compared with 73.2% during the previous week (ie., the week ending April 30th). Also, capacity utilization was higher when compared with the rate of 72.1% 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.