US Weekly Raw Steel production slumps by over 1%

As per the statistics released by the American Iron and Steel Institute (), the raw steel production by the country dropped marginally by 1.1% during the week ended December 12th, 2015. The production had rebounded sharply by 4.4% during the week prior to this.

The total domestic raw steel output during the week ending December 12th was 1,536,000 net tons. The AISI data indicates that the US raw steel production has declined slightly by 1.1% during the week. This is in comparison with the previous week (ie., the week ended Dec 5th)  production figures of 1,553,000 net tons. Also, the weekly output represents a sharp decline of 14.4% in comparison with production of 1,795,000 net tons during same week the previous year.

The capability utilization rate of US steel makers declined to 64.2% during the week ended Dec 12th, 2015.

The capacity utilization rate has declined marginally when compared with 65.0% during the previous week (ie., the week ending December 5th). Also, capacity utilization was considerably lower 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 5th

Week ended Dec 12th

North East

193

192

-0.52

Great Lakes

575

547

-4.87

Southern

513

506

-1.36

Western

76

74

-2.63

Midwest

196

217

+10.71

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.

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