Steel production drops from last week

Pittsburgh Business Times - January 24, 2005

Domestic steelmakers saw their weekly output fall from the previous seven days, but increase compared to the same time last year, according to data released Monday by an industry group.

Production among domestic steelmakers was about 2.041 million net tons for the week ended Jan. 22. That was down from the 2.094 million net tons produced during the week ending Jan. 15, but up from the 1.941 million from the week ended Jan. 22, 2004, according to the American Iron and Steel Institute.

In the Pittsburgh/Youngstown, Ohio district, steel companies produced 247,000 net tons for the week ended Jan. 22. That was down from the 272,000 net tons they made the prior week, AISI data shows.

AISI is a Washington, D.C.-based nonprofit association of North American companies involved in the iron and steel industry.

The organization's data is based on reports from companies representing about 90 percent of the domestic industry's raw steel capacity.

Those companies that reported production figures said they were using 91 percent of their available capacities for the week ended Jan. 22. That was up from the 87 percent capacity utilization they reported during the same week in 2004, according to AISI.

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