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Steel News April 22, 2014 12:30:49 AM

US weekly raw steel output jumps 1.3% during week ended April 19th

Paul Ploumis
ScrapMonster Author
As per the statistics released by the American Iron and Steel Institute (AISI)

US weekly raw steel output jumps 1.3% during week ended April 19th

NEW YORK (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production in the country continued to increase during the week ended April 19th.

The total raw steel output during the week ending April 19th was 1,808,000 net tons. The AISI data indicates that the US raw steel production has jumped higher by 1.3% during the week. This is in comparison with the previous week (ie., the week ended April 12th)  production figures of 1,785,000 net tons. However, the weekly output suggests a 1.6% decrease in comparison with production during same week the previous year.

The capacity utilization rate of US steel makers was 75.2% during the week ended April 19th.

 The capacity utilization rate has gone higher when compared to 74.2% during the previous week (ie., the week ended April 12th). But, capacity utilization is lower when compared to the rate of 76.7% 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 Apr 12th

Week ended Apr 19th

North East

224

207

-7.59

Great Lakes

569

589

+3.51

Southern

671

682

+1.64

Western

88

92

+4.55

Midwest

233

238

+2.15

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.

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