US weekly raw steel output up 1.0% during the week ended Oct 18th

ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production in the country increased by 1.0% during the week ended October 18^th, 2014.

The total raw steel output during the week ending October 18^th was 1,822,000 net tons. The AISI data indicates that the US raw steel production has gone higher by 1.0% during the week. This is in comparison with the previous week (ie., the week ended October 11^th)  production figures of 1,804,000 net tons. However, the weekly output suggests a 0.5% decline in comparison with production during same week the previous year.

The capacity utilization rate of US steel makers was 75.7% during the week ended October 18^th.

The capacity utilization rate has climbed higher when compared to 75.0% during the previous week (ie., the week ending October 11^th). However, 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:-    

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.