Steel Products Prices North America
August 15, 2022
Weekly Raw Steel Production Recovers Slightly
Written by David Schollaert
Raw steel production by US mills edged up marginally last week after declining for two straight weeks. Domestic output was 1,742,000 net tons in the week ending Aug. 13, while capacity utilization was 79%. That marks the fifth week below 80%, according to the latest data from the American Iron and Steel Institute (AISI).
US output was up 1.1% versus the week prior but down 6.9% versus the same period last year when production was 1,872,000 net tons. Mill capacity utilization last week was 0.8 percentage points above the prior week but 5.8 percentage points below the same period one year ago when utilization was 84.8%.
