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US Raw Steel output rebounds sharply by over 10 percent

As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production by the country rebounded sharply by 10.7% during the week ended January 9th, 2016. The production had declined by 1.1% during the week prior to this.

The total domestic raw steel output during the week ending January 9th was 1,594,000 net tons. The AISI data indicates that the US raw steel production has surged higher considerably by 10.7% during the week. This is in comparison with the previous week (ie., the week ended Jan 2nd )  production figures of 1,440,000 net tons. However, the weekly output represents a sharp decline of 11.8% in comparison with production of 1,807,000 net tons during same week the previous year.

The capability utilization rate of US steel makers climbed higher to 66.7% during the week ended Jan 9th, 2015.

The capacity utilization rate has increased sharply when compared with 60.2% during the previous week (ie., the week ending January 2nd). However, capacity utilization was considerably lower when compared with the rate of 76.4% during same week the previous year.

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