US weekly raw steel output rises 1.4%, capacity utilization hits new high: AISI

ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production in the country rose 1.4% during the week ended July 26^th, 2014.

The total raw steel output during the week ending July 26^th was 1,920,000 net tons. The AISI data indicates that the US raw steel production has climbed higher by 1.4% during the week. This is in comparison with the previous week (ie., the week ended July 19^th )  production figures of 1,893,000 net tons. Also, the weekly output suggests a 3.7% rise in comparison with production during same week the previous year.

The capacity utilization rate of US steel makers was 79.8% during the week ended July 26^th. This is the highest rate so far achieved in 2014.

The capacity utilization rate has climbed higher when compared to 78.7% during the previous week (ie., the week ending July 19^th). Also, 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.