Steel Products Prices North America
January 25, 2022
Weekly Raw Steel Production Loses Momentum
Written by David Schollaert
Domestic raw steel production totaled 1,803,000 net tons in the week ending Jan. 22, down 1.6% versus the prior week and slipping for the first time in three weeks, reported the American Iron and Steel Institute. Despite the decrease, last week’s output marked a 3.9% gain over the same period last year when production was 1,736,000 tons, reported the American Iron and Steel Institute.
Mill capacity utilization last week averaged 81.9%, a 1.3 percentage point decline from the prior week but up 5.3 percentage points versus the same year-ago period.
