US Weekly Raw Steel production up 1.6%

ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production by the country was up marginally by 1.6% during the week ending April 30^th, 2016. The production had dropped by 0.5% during the week prior to this.

The total domestic raw steel output during the week ending April 30^th was 1,711,000 net tons. The AISI data indicates that the US raw steel production has increased marginally by 1.6% during the week. This is in comparison with the previous week (ie., the week ended Apr 23^rd)  production figures of 1,684,000 net tons. Also, the weekly output represents improvement of 3.8% in comparison with production of 1,649,000 net tons during same week the previous year.

The capability utilization rate of US steel makers rose slightly to 73.2% during the week ended Apr 30^th, 2016.

The capacity utilization rate has increased considerably when compared with 72.0% during the previous week (ie., the week ending April 23^rd). Also, capacity utilization was higher when compared with the rate of 69.8% 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.