Steel Products Prices North America
April 26, 2022
Raw Steel Production, Utilization Climb Further
Written by David Schollaert
Raw steel production by US mills expanded again last week, now rising for a third straight week. Utilization rates grew further, reaching its highest mark in 13 weeks. Domestic output totaled 1,784,000 net tons in the week ending April 23, while mill capacity utilization was 81.7, reported the American Iron and Steel Institute.
US output was up 1.0% versus the week prior but 2.7% below the same year-ago period when production was 1,834,000 net tons. Mill capacity utilization last week was 0.8 percentage points above the prior week and 0.9 percentage points above the same period one year ago when utilization was 80.8%.
