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US weekly raw steel output jumped 2.7% over previous week: AISI

As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production in the country was up by 2.7% during the week ended July 12th, 2014.

The total raw steel output during the week ending July 12th was 1,903,000 net tons. The AISI data indicates that the US raw steel production has increased 2.7% during the week. This is in comparison with the previous week (ie., the week ended July 5th )  production figures of 1,853,000 net tons. Also, the weekly output suggests a 2.8% rise in comparison with production during same week the previous year.

The capacity utilization rate of US steel makers was 79.1% during the week ended July 12th.

The capacity utilization rate has climbed higher when compared to 77.0% during the previous week (ie., the week ending July 5th). Also, the capacity utilization was higher when compared with the rate of 77.3% during same week the previous year.

 The region-wise comparative weekly production figures are provided below:-   

 

Steel production (in ‘000 nt)

% Change

Week ended July 5th

Week ended July 12th

North East

239

238

-0.42

Great Lakes

654

677

+3.52

Southern

640

660

+3.13

Western

86

90

+4.65

Midwest

234

238

+1.71

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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