US Raw Steel production drops marginally during week ending May 11th

NEW YORK (Scrap Monster) : As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production in the country has gone down by 0.2% during the week ending May 11^th.

The total raw steel output during the week was 1,881,000 net tons. The AISI data indicates that the US raw steel production has fallen by 0.2% in the week ended May 11^th. This is in comparison with the previous week (ie., the week ended May 4^th )  production figures of 1,864,000 net tons. However, the weekly output has declined by 4.5% in comparison with same week the previous year. The total production during the same period last year was 1,970,000 net tons.

The raw steel production had risen by 1% week-on-week during the previous week ( ie., the week ended May 4^th ), risen by 0.4% week-on-week during the previous week ( ie., the week ended April 27^th ) and fallen by 1.2% week-on-week during the previous week ( ie., the week ended April 20^th ).

The capacity utilization rate of US steel makers was 78.5% during the week ended May 11^th.  

The capacity utilization has dropped slightly when compared to 78.6% during the previous week ( ie., the week ended May 4^th ). The capacity utilization during the week ended April 27^th was 77.9% and that during the week ended April 20^th was 77.6%.

Also, the capacity utilization is lower when compared to that of same week a year ago. The capacity utilization of US steel mills a year ago for the same period was 79.2%.