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US weekly Raw Steel output declines 7.5% y-o-y

United States weekly raw steel production reached 1,747,000 net tons (nt) in the week ending June 13, 2015, while the capability utilization rate was 73.9%, as per the latest data released by the American Iron and Steel Institute (AISI).

The country’s production was 1,889,000 net tons in the week ending June 13, 2014, while the capability utilization then was 78.5%.

The current week production represents a 7.5% decline from the same period in the previous year.

Production for the week ending June 13 2015 is up 1.5% from the previous week ending June 6, 2015 when production was 1,722,000 tons and the rate of capability utilization was 72.8%.

Adjusted year-to-date production through June 13, 2015 was 40,111,000 net tons, at a capability utilization rate of 72.4%. That is a 7.3% decrease from the 43,283,000 net tons during the same period last year, when the capability utilization rate was 77.3%.

Source:scrap register

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