Steel Products Prices North America
February 15, 2022
Mill Capacity Utilization Dips Below 80%
Written by David Schollaert
For a fourth straight week, U.S. raw steel production has declined. Domestic mills produced a total of 1,758,000 net tons in the week ending Feb. 12, while mill capacity utilization last week averaged 79.8%, reported the American Iron and Steel Institute.
U.S. output was down 1.5% versus the prior week but 1.0% higher than the same year-ago period when production was 1,740,000 net tons. Mill capacity utilization last week saw a 1.3 percentage point decline from the prior week, though it was 3.0 percentage points above the same period one year ago.
