US Raw steel output rises 1.2% during the week ended May 18th

NEW YORK (Scrap Monster) : As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production in the country has gone up by 1.2% during the week ending May 18^th.

The total raw steel output during the week was 1,904,000 net tons. The AISI data indicates that the US raw steel production has improved by 1.2% in the week ended May 18^th. This is in comparison with the previous week (ie., the week ended May 11^th )  production figures of 1,881,000 net tons. However, the weekly output has declined by 3.4% in comparison with same week the previous year. The total production during the same period last year was 1,970,000 net tons.

The raw steel production had fallen by 0.2% week-on-week during the previous week ( ie., the week ended May 11^th ), risen by 1% week-on-week during the previous week ( ie., the week ended May 4^th ) and risen by 0.4% week-on-week during the previous week ( ie., the week ended April 27^th ).

The capacity utilization rate of US steel makers was 79.5% during the week ended May 18^th.  

The capacity utilization has significantly improved when compared to 78.5% during the previous week ( ie., the week ended May 11^th ). The capacity utilization during the week ended May 4^th was 78.6%. The capacity utilization rate during the week ended April 27^th was 77.9% and that during the week ended April 20^th was 77.6%.

Also, the capacity utilization is higher when compared to that of same week a year ago. The capacity utilization of US steel mills a year ago for the same period was 79.2%.

The region-wise break up of steel output is provided in the table below:-

Note: Output in st