US weekly raw steel output down 0.5% during week ended July 19, 2014: AISI

ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production in the country was marginally down by 0.5% during the week ended July 17^th, 2014.

The total raw steel output during the week ending July 17^th was 1,893,000 net tons. The AISI data indicates that the US raw steel production has declined 0.5% during the week. This is in comparison with the previous week (ie., the week ended July 12^th )  production figures of 1,903,000 net tons. Also, the weekly output suggests a 2.2% rise in comparison with production during same week the previous year.

The capacity utilization rate of US steel makers was 78.7% during the week ended July 17^th.

The capacity utilization rate has gone down when compared to 79.1% during the previous week (ie., the week ending July 12^th). However, the capacity utilization was higher when compared with the rate of 77.3% 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.