ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production by the country was slightly higher during the week ended December 13th, 2014.
The total raw steel output during the week ending December 13th was 1,880,000 net tons. The AISI data indicates that the US raw steel production has gone higher by 0.20% during the week. This is in comparison with the previous week (ie., the week ended December 6th) production figures of 1,877,000 net tons. Also, the weekly output suggests a steep rise of 5.10% in comparison with production during same week the previous year.
The capability utilization rate of US steel makers was 78.2% during the week ended December 13th.
The capacity utilization rate has increased when compared to 78.0% during the previous week (ie., the week ending December 6th). Also, capacity utilization was up considerably when compared with the rate of 74.6% during same week the previous year.
The region-wise comparative weekly production figures are provided below:-
Region | Steel production (in ‘000 nt) | % Change | |
Week ended Dec 6th | Week ended Dec 13th | ||
North East | 240 | 232 | -3.33 |
Great Lakes | 673 | 680 | +1.04 |
Southern | 640 | 650 | +1.56 |
Western | 90 | 89 | -1.11 |
Midwest | 234 | 229 | -2.14 |
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.
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