US Raw steel production clocks weekly gain, capacity up

ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production by the country increased during the week ended May 23^rd, 2015. This is the second consecutive week of gains of raw steel output by the US.

The total raw steel output during the week ending May 23^rd was 1,732,000 net tons. The AISI data indicates that the US raw steel production has gone higher by 1.6% during the week. This is in comparison with the previous week (ie., the week ended May 16^th)  production figures of 1,705,000 net tons. However, the weekly output represents a sharp decline of 6.9% in comparison with production of 1,860,000 net tons during same week the previous year.

The capability utilization rate of US steel makers was 73.3% during the week ended May 23^rd, 2015.

The capacity utilization rate has increased marginally when compared to 72.10% during the previous week (ie., the week ending May 16^th). However, capacity utilization was considerably lower when compared with the rate of 77.3% 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.