US weekly raw steel output up 1.3% during week ended April 12th

NEW YORK (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production in the country increased during the week ended April 12^th.

The total raw steel output during the week ending April 12^th was 1,785,000 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 5^th)  production figures of 1,762,000 net tons. However, the weekly output suggests a 2.8% decrease in comparison with production during same week the previous year.

The capacity utilization rate of US steel makers was 74.2% during the week ended April 12^th.

 The capacity utilization rate has gone higher when compared to 73.3% during the previous week (ie., the week ended April 5^th). 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:-    

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.