Steel Products Prices North America
July 19, 2022
Weekly Raw Steel Production Dips Again
Written by David Schollaert
Raw steel production by US mills slipped last week, shrinking for the second straight week and keeping mill utilization rates below the 80% mark for just the second time since early April. Domestic capacity utilization fell to 78.9%—its lowest mark year-to-date—while mill production totaled 1,738,000 net tons in the week ending July 16, reported the American Iron and Steel Institute.
US output was down 0.6% versus the week prior, and down 6.7% versus the same year-ago period when production was 1,862,000 net tons. Mill capacity utilization last week was 0.4 percentage points below the prior week and 5.9 percentage points below the same period one year ago when utilization was 84.4%.
