Weekly Steel Production Stays Above 1.9 Million Tons

U.S. steelmakers operated at 81.1 percent of their capability in the week ending Jan. 26, producing 1,922,000 net tons of raw steel. It has been a year since the mills produced that much in a single week. It was also the second week this month that steel production was above 1.9 million tons. Steel production last week was up 0.5 percent from the prior week and up 12.1 percent from the same week last year, reported the American Iron and Steel Institute.

Adjusted year-to-date production through Jan. 26 totaled 7,065,000 net tons, at an average capability utilization rate of 80.3 percent. That is up 10.9 percent from the 6,371,000 net tons during the same period last year, when the capability utilization rate was 73.6 percent.