US weekly raw steel production rebounds

ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production by the country rebounded during the week ended March 21^st, 2015. The weekly output had steadily declined during the past few weeks.

The total raw steel output during the week ending March 21^st was 1,639,000 net tons. The AISI data indicates that the US raw steel production has climbed higher by 1.0% during the week. This is in comparison with the previous week (ie., the week ended March 14^th)  production figures of 1,623,000 net tons. However, the weekly output represents a sharp decline of 12.3% in comparison with production of 1,868,000 net tons during same week the previous year.

The capability utilization rate of US steel makers was 69.3% during the week ended March 21^st, 2015.

The capacity utilization rate has gone up slightly higher when compared to 68.7% during the previous week (ie., the week ending March 14^th). On the other hand, capacity utilization was lower when compared with the rate of 77.7% 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.