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Steel News December 30, 2014 10:30:27 AM

US weekly raw steel output suffers sharp decline

Paul Ploumis
ScrapMonster Author
As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production by the country declined sharply during the week ended
US weekly raw steel output suffers sharp decline

ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production by the country declined sharply during the week ended December 27th, 2014.

The total raw steel output during the week ending December 27th was 1,746,000 net tons. The AISI data indicates that the US raw steel production has dropped significantly by 5.5% during the week. This is in comparison with the previous week (ie., the week ended December 20th)  production figures of 1,848,000 net tons. Also, the weekly output suggests a decline of 2.30% in comparison with production during same week the previous year.

The capability utilization rate of US steel makers was 72.60% during the week ended December 27th.

The capacity utilization rate has declined when compared to 76.80% during the previous week (ie., the week ending December 20th). Also, capacity utilization was down 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 20th

Week ended Dec 27th

North East

247

238

-3.64

Great Lakes

664

654

-1.51

Southern

628

556

-11.46

Western

88

76

-13.64

Midwest

221

222

+0.45

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.