Steel Products Prices North America
August 31, 2021
Weekly Raw Steel Production Sees Slight Slip
Written by David Schollaert
Weekly domestic raw steel production slipped last week after climbing the week prior. Output varied slightly throughout the month of August. Production by U.S. mills was 1,873,000 net tons while the average utilization rate was 84.9% in the week ending Aug. 28, according to the American Iron and Steel Institute (AISI).
Weekly output dipped by 0.2% compared to the week prior when production was 1,877,000 net tons and average utilization was 85.0%. Last week’s production total represents a 26.9% increase from year-ago levels, when output was reduced to 1,476,000 net tons and utilization to 65.9% because of the pandemic.
