US Raw Steel production maintains up trend during week ending May 4th

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 up by another 1% during the week ending May 4^th.

The total raw steel output during the week was 1,884,000 net tons. The AISI data indicates that the US raw steel production has risen by 1% in the week ended May 4^th. This is in comparison with the previous week (ie., the week ended April 27^th )  production figures of 1,866,000 net tons. However, the weekly output has declined by 5.2% in comparison with same week the previous year. The total production during the same period last year was 1,988,000 net tons.

The raw steel production had risen by 0.4% week-on-week during the previous week ( ie., the week ended April 27^th ),fallen by 1.2% week-on-week during the previous week ( ie., the week ended April 20^th ) and  increased by 1.2% week-on-week during the prior week ( ie., the week ended April 13^th ).

The capacity utilization rate of US steel makers was 78.6% during the week ended May 4^th.  

The capacity utilization has improved when compared to 77.9% during the previous week ( ie., the week ended April 27^th ). The capacity utilization during the week ended April 20^th was 77.6% and that during the week ended April 13^th was 78.5%.

Also, the capacity utilization is a tad 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 79.9%.