Steel Products Prices North America
August 9, 2021
Weekly Raw Steel Production Sees Slight Dip
Written by David Schollaert
Weekly raw steel production by U.S. mills dipped slightly, losing momentum last week. The average utilization rate was 84.8%, while production totaled 1,872,000 net tons in the week ending Aug. 7, according to the American Iron and Steel Institute (AISI).
The slip, though negligible, was the first decrease in six weeks as U.S. mills continue to produce steel near full capacity. Weekly output eased down 0.2% compared to the week prior when production was 1,876,000 net tons and average utilization was 85.0%. Last week’s production total represents a 26.8% increase from year-ago levels, when output was reduced to 1,476,000 net tons and utilization to 65.9% due to the pandemic.
