US weekly raw steel dropped marginally during week ending Oct 3rd

ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production by the country dropped slightly during the week ended October 3^rd, 2015. The production had recorded significant rise of 1.7% during the week prior to this.

The total domestic raw steel output during the week ending October 3^rd was 1,727,000 net tons. The AISI data indicates that the US raw steel production has declined slightly by 0.5% during the week. This is in comparison with the previous week (ie., the week ended Sep 26^th)  production figures of 1,735,000 net tons. However, the weekly output represents a sharp decline of 7.3% in comparison with production of 1,862,000 net tons during same week the previous year.

The capability utilization rate of US steel makers dropped to 72.2% during the week ended Oct 3^rd, 2015.

The capacity utilization rate has witnessed marginal dip when compared to 71.6% during the previous week (ie., the week ending September 26^th). On the other hand, capacity utilization was considerably lower when compared with the rate of 77.4% 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.