Buoyed by 15% jump in Western raw steel output, US weekly production goes up

As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production in the country was up by 1.2% during the week ended August 16th, 2014

ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production in the country was up by 1.2% during the week ended August 16^th, 2014.

The total raw steel output during the week ending August 16^th was 1,919,000 net tons. The AISI data indicates that the US raw steel production has increased by 1.2% during the week. This is in comparison with the previous week (ie., the week ended August 9^th)  production figures of 1,896,000 net tons. Also, the weekly output suggests a 3.3% rise in comparison with production during same week the previous year.

The capacity utilization rate of US steel makers was 79.8% during the week ended August 16^th.

The capacity utilization rate has gone higher when compared to 78.8% during the previous week (ie., the week ending August 9^th). Also, the capacity utilization was higher when compared with the rate of 77.6% 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.

• Canadian Gold Cuts High Grades at Former Tartan mine, Manitoba
• CEOs Build New Business Models to Solve the Plastic Pollution Problem
• Negotiators Discuss the Text of Global Treaty to End Plastic Pollution
• 29th April, 2024: Scrap Gold, Silver and Platinum Prices Surged on Index