US weekly domestic steel production drops marginally by 0.2%

ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production in the country declined marginally by 0.20% during the week ended September 13^th, 2014.

The total raw steel output during the week ending September 13^th was 1,882,000 net tons. The AISI data indicates that the US raw steel production has declined by 0.2% during the week. This is in comparison with the previous week (ie., the week ended September 6^th)  production figures of 1,885,000 net tons. However, the weekly output suggests a 0.4% rise in comparison with production during same week the previous year.

The capacity utilization rate of US steel makers was 78.2% during the week ended September 13^th.

The capacity utilization rate has gone down when compared to 78.5% during the previous week (ie., the week ending September 6^th). Also, the capacity utilization was slightly lower when compared with the rate of 78.3% during same week the previous year.

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

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.