Home > Metal News > Slow down in steel production made US scrap market to suffer

Slow down in steel production made US scrap market to suffer

Pin It DMCA.com

by - 10/10/2012 4813 Views

According to report of AISI, US steel production dips 4.3 percent Y-o-Y.

According to report of AISI, US steel production dips 4.3 percent Y-o-Y.  This 4.3 % decrease is calculated from the same period in the previous year. In the end of September 29, 2012, US domestic steel production was 1,780,000 net tons while the capability utilization was calculated at 72 %. However, steel production at the end of September 29, 2011 was 1,860,000 tons out of its consumption 76.1 %.

Though, 2.4% decrease is recorded from the previous week ending September 22, 2012. On the other hand 0.4% increase recorded a week ago and a 0.3 % increase recorded in the beginning of August.

This slow down in steel production made US scrap market to suffer and it is estimated that the steel production mills are in need of at least 25% scrap more. Scrap yard together with industrial records prove the slowdown in manufacturing steel. In fact scrap flows into yards have subsided significantly. Big players of the industry have now cut short the supply of scrap that is estimated to be around 20 % less compared to the supply couple of months ago. Mills are trying to take control to bring supply and demand into balance.

Category : Metal

Tags : US scrap market, US steel production dips, Scrap


Share this news
About Benny Jebaraj

I have been with recycleinme.com for the past four years and enjoy working as the Administrator of the Scrap Prices section.  I am graduated as Master of Business Administration in Human resource management. Why I have chosen this course is because I’m very much fond of Business Administrati .... more info

Comments


Be the first to post a comment.