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US Weekly raw steel output declined 0.9% over the week: AISI

As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production in the country decreased by 0.9% during the week ended June 28th.

The total raw steel output during the week ending June 28th was 1,863,000 net tons. The AISI data indicates that the US raw steel production has gone down marginally by 0.9% during the week. This is in comparison with the previous week (ie., the week ended June 21st )  production figures of 1,880,000 net tons. Also, the weekly output suggests a 2.1% rise in comparison with production during same week the previous year.

The capacity utilization rate of US steel makers was 77.5% during the week ended June 28th.

The capacity utilization rate has inched lower when compared to 78.2% during the previous week (ie., the week ending June 21st). However, the capacity utilization is higher when compared to the rate of 76.1% 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 June 21st

Week ended June 28th

North East

226

237

+4.87

Great Lakes

665

652

-1.95

Southern

657

651

-0.91

Western

89

83

-6.74

Midwest

243

240

-1.23

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.

Source:Scrap Monster

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