Prices
April 5, 2022
US Raw Steel Production Down Marginally
Written by David Schollaert
Raw steel production by US mills slipped further last week, with utilization rates below the 80% mark for the second straight week. Domestic output totaled 1,724,000 net tons in the week ending April 2, while mill capacity utilization was 79.3%, the American Iron and Steel Institute (AIS) reported.
US output was virtually unchanged, down just 0.1% compared to the prior week and 3.5% below the same period last year when production was 1,787,000 net tons. Mill capacity utilization last week was just 0.1 percentage points below the prior week but was still 0.5 percentage points above the same period one year ago when utilization was 78.8%.
