Steel Products
April 1, 2022
Domestic Steel Production: Utilization Back Below 80%
Written by David Schollaert
Raw steel production by US mills slipped last week, with utilization rates edging back below the 80% mark. Domestic output totaled 1,726,000 net tons in the week ending March 26, while mill capacity utilization was 79.4%, reported the American Iron and Steel Institute (AISI).
US output dipped 0.9% compared to the prior week and was 2.4% below the year-ago period when production was 1,768,000 net tons. Mill capacity utilization last week saw a 0.8 percentage point decline from the prior week but was still 1.4 percentage points above the same period one year ago.
