Steel Products Prices North America
August 9, 2021
Raw Steel Production Sees Small Declines: AISI
Written by David Schollaert
Weekly raw steel production by U.S. mills contracted slightly for the second straight week. The average utilization rate was 84.7%, while production totaled 1,869,000 net tons in the week ending Aug. 14, according to the American Iron and Steel Institute (AISI).
The dip, though minor, was the second in as many weeks after domestic production pushed utilization up to 85.0% for six straight weeks. Despite the small declines, U.S. mills continue to produce steel near full capacity. Weekly output eased down 0.2% compared to the week prior when production was 1,872,000 net tons and average utilization was 84.8%. Last week’s production total represents a 26.6% increase from year-ago levels, when output was reduced to 1,476,000 net tons and utilization to 65.9% because of the pandemic.
