US weekly raw steel output falls 2.4% despite rise in output by Western region

ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production by the country declined considerably during the week ended November 21^st, 2015. The production had recorded decline of 1.1% during the week prior to this.

The total domestic raw steel output during the week ending November 21^st was 1,562,000 net tons. The AISI data indicates that the US raw steel production has declined significantly by 2.4% during the week. This is in comparison with the previous week (ie., the week ended Nov 14^th)  production figures of 1,601,000 net tons. Also, the weekly output represents a sharp decline of 15.8% in comparison with production of 1,856,000 net tons during same week the previous year.

The capability utilization rate of US steel makers dropped to 65.3% during the week ended Nov 21^st, 2015.

The capacity utilization rate has witnessed modest decline when compared with 67.0% during the previous week (ie., the week ending November 14^th). Also, capacity utilization was considerably lower when compared with the rate of 77.2% 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.