Loading prices...

Register/Sign in
ScrapMonster
Sell Your Junk CarGet an instant quote for your car on ScrapMonster.com
Steel News October 14, 2014 10:00:01 AM

US weekly raw steel output drops 1.2% during the week ended Oct 11th

Paul Ploumis
ScrapMonster Author
As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production in the country declined by 1.2% during the week ended October 11th

US weekly raw steel output drops 1.2% during the week ended Oct 11th

ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production in the country declined by 1.2% during the week ended October 11th, 2014.

The total raw steel output during the week ending October 11th was 1,804,000 net tons. The AISI data indicates that the US raw steel production has dropped by 1.2% during the week. This is in comparison with the previous week (ie., the week ended October 4th)  production figures of 1,825,000 net tons. Also, the weekly output suggests a 1.5% decline in comparison with production during same week the previous year.

The capacity utilization rate of US steel makers was 75.0% during the week ended October 11th.

The capacity utilization rate has dropped significantly when compared to 75.9% during the previous week (ie., the week ending October 4th). Also, the capacity utilization was down when compared with the rate of 76.5% 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 Oct 4th

Week ended Oct 11th

North East

189

214

+13.23

Great Lakes

698

663

-5.01

Southern

604

605

+0.17

Western

89

91

+2.25

Midwest

245

231

-5.71

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.

 

×

Quick Search

Advanced Search