US weekly Raw steel output up 1.5% during the week ending Nov 22nd

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 1.5% during the week ended November 22^nd, 2014.

The total raw steel output during the week ending November 22^nd was 1,882,000 net tons. The AISI data indicates that the US raw steel production has climbed higher by 1.50% during the week. This is in comparison with the previous week (ie., the week ended November 15^th)  production figures of 1,854,000 net tons. Also, the weekly output suggests a 3.1% rise in comparison with production during same week the previous year.

The capacity utilization rate of US steel makers was 78.2% during the week ended November 22^nd.

The capacity utilization rate has gone higher when compared to 77.1% during the previous week (ie., the week ending November 15^th). Also, the capacity utilization was up when compared with the rate of 76.2% 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.

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.