US raw steel production rises again from last week

Tuesday, 09 March 2010 15:14:21 (GMT+2)

US raw steel output increased by 0.9 percent during the week ended March 6, 2010 when compared to the previous week, according to the American Iron and Steel Institute (AISI).

AISI reported Monday that US raw steel production in the week ended March 6, 2010 totaled 1,683,000 nt, up from 1,668,000 nt produced in the previous week, and up 69.2 percent from 995,000 nt produced during the same week of 2009.

In the week ended March 6, US steelmakers were producing at 69.3 percent capacity, said AISI. This is up from the prior week's 69 percent and up from 41.7 percent in the corresponding week of last year.

US crude steel output has risen when compared to both the prior week and the same week of 2009 in every week of 2010 so far. Year-to-date, US production has totaled 14,952,000 nt with a capability utilization rate of 66.6 percent. That is a 55.8 percent increase from the 9,599,000 nt during the same period last year, when the capability utilization rate was 42.9 percent.

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