Steel Products Prices North America
July 11, 2022
Weekly Raw Steel Production Slips Below 80% Utilization: AISI
Written by David Schollaert
Raw steel production by US mills slipped last week, pushing utilization rates below the 80% mark for the first time since early April. Domestic capacity utilization shrank to 79.3% while mill production totaled 1,748,000 net tons in the week ending July 9, the American Iron and Steel Institute reported.
US output was down 1.1% versus the week prior, likely due to the extended 4th of July holiday weekend. Production was also down 6.1% versus the same year-ago period when production was 1,862,000 net tons. Mill capacity utilization last week was 1.6 percentage points below the prior week and 5.1 percentage points below the same period one year ago when utilization was 84.4%.
