Posted on 21 Oct 2015
The total domestic raw steel output during the week ending October 17th was 1,675,000 net tons. The AISI data indicates that the US raw steel production has declined significantly by 1.8% during the week. This is in comparison with the previous week (ie., the week ended Oct 10th) production figures of 1,705,000 net tons. Also, the weekly output represents a sharp decline of 9.0% in comparison with production of 1,840,000 net tons during same week the previous year.
The capability utilization rate of US steel makers dropped to 70.1% during the week ended Oct 17th, 2015.
The capacity utilization rate has witnessed considerable decline when compared with 71.3% during the previous week (ie., the week ending October 10th). Also, capacity utilization was considerably lower when compared with the rate of 76.5% 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 Oct 10th |
Week ended Oct 17th | ||
|
North East |
189 |
194 |
+2.65 |
|
Great Lakes |
654 |
622 |
-4.89 |
|
Southern |
568 |
568 |
Nil |
|
Western |
91 |
91 |
Nil |
|
Midwest |
203 |
200 |
-1.48 |
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.
