US weekly raw steel output drops 1.2%

By Paul Ploumis 23 Jun 2015 Last updated at 01:52:10 GMT

ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production by the country declined slightly during the week ended June 20th, 2015. The production had registered marginal increase during the past two weeks prior to this.

The total raw steel output during the week ending June 20th was 1,726,000 net tons. The AISI data indicates that the US raw steel production has decreased by 1.2% during the week. This is in comparison with the previous week (ie., the week ended June 13th) production figures of 1,747,000 net tons. However, the weekly output represents a sharp decline of 8.6% in comparison with production of 1,889,000 net tons during same week the previous year.

The capability utilization rate of US steel makers was 73.0% during the week ended June 20th, 2015.

The capacity utilization rate has declined marginally when compared to 73.9% during the previous week (ie., the week ending June 13th). However, capacity utilization was considerably lower when compared with the rate of 78.5% 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.

AISI determines its weekly raw steel production data based on weekly data from 50% of the domestic industry and estimates the rest using monthly production data.