Steel Products Prices North America
February 28, 2022
Domestic Mill Utilization Slipped Below 80% Last Week
Written by David Schollaert
Raw steel production by U.S. mills fell again last week, now down five out of the past six weeks. Domestic mills produced a total of 1,755,000 net tons in the week ending Feb. 26, while mill capacity utilization slipped back down to 79.7%, reported the American Iron and Steel Institute.
U.S. output was down 0.5% compared to the prior week but up 0.9% versus than the same year-ago period when production was 1,740,000 net tons. Mill capacity utilization last week saw a 0.4 percentage point decline from the prior week yet was 2.9 percentage points above the same period one year ago.
