US weekly raw steel production declines in the week ending Sep 27th

ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production in the country declined by 2.4% during the week ended September 27^th, 2014.

The total raw steel output during the week ending September 27^th was 1,846,000 net tons. The AISI data indicates that the US raw steel production has dropped by 2.4% during the week. This is in comparison with the previous week (ie., the week ended September 20^th)  production figures of 1,891,000 net tons. Also, the weekly output suggests a 1.5% decline in comparison with production during same week the previous year.

The capacity utilization rate of US steel makers was 76.7% during the week ended September 27^th.

The capacity utilization rate has dropped significantly when compared to 78.6% during the previous week (ie., the week ending September 20^th). Also, the capacity utilization was down when compared with the rate of 78.3% 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.