Steel Products Prices North America
September 26, 2022
Weekly Raw Steel Production Drops Again
Written by Becca Moczygemba
Raw steel production by US mills took another slight hit. Last week’s utilization is the lowest since the week of Feb. 13, 2021, and the lowest total output since the week of Jan. 2, 2021. Utilization rates haven’t eclipsed the 80% mark in twelve weeks, the longest run since the pandemic.
Domestic output was 1,683,000 net tons in the week ending Sept. 24, while capacity utilization was 76.4%, according to the latest data from the American Iron and Steel Institute (AISI).
