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US Weekly Raw Steel output stage strong rebound, led by Southern region

As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production by the country rebounded significantly during the week ended December 5th, 2015. The production had recorded sharp decline of 4.8% during the week prior to this.

The total domestic raw steel output during the week ending December 5th was 1,553,000 net tons. The AISI data indicates that the US raw steel production has increased significantly by 4.4% during the week. This is in comparison with the previous week (ie., the week ended Nov 28th)  production figures of 1,487,000 net tons. However, the weekly output represents a sharp decline of 14.3% in comparison with production of 1,812,000 net tons during same week the previous year.

The capability utilization rate of US steel makers surged to 65.0% during the week ended Dec 5th, 2015.

The capacity utilization rate has witnessed significant rise when compared with 62.2% during the previous week (ie., the week ending November 28th). However, capacity utilization was considerably lower when compared with the rate of 75.3% 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 Nov 28th

Week ended Dec 5th

North East

196

193

-1.53

Great Lakes

576

575

-0.17

Southern

450

513

+14.0

Western

74

76

+2.70

Midwest

191

196

+2.62

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.

Source:scrapmonster

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