Steel Products Prices North America
August 30, 2022
Weekly Raw Steel Production Declines
Written by David Schollaert
Raw steel production by US mills was down slightly last week, following back-to-back weekly gains. Domestic output was 1,747,000 net tons in the week ending Aug. 27, while capacity utilization was 79.3%. Despite recent fluctuations, utilization rates haven’t eclipsed the 80% mark in eight weeks, according to the latest data from the American Iron and Steel Institute (AISI).
US output was down 0.5% versus the week prior and down 6.7% versus the same period last year when production was 1,872,000 net tons. Mill capacity utilization last week was 0.4 percentage points below the prior week and 5.5 percentage points below the same period one year ago when utilization was 84.8%.
