Posted on 09 Dec 2015
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.
