By Paul Ploumis (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 9^th, 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 9^th 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 2^nd)  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 9^th, 2016.

The capacity utilization rate has gone higher when compared with 70.6% during the previous week (ie., the week ending April 2^nd). 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:-    

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.