Prices
April 18, 2022
Raw Steel Production Up, Utilization Exceeds 80%
Written by David Schollaert
Raw steel production by US mills grew last week, expanding for the second straight week. Utilization rates exceeded the 80% mark for the first time in four weeks. Domestic output totaled 1,766,000 net tons in the week ending April 16, while mill capacity utilization was 80.9%, reported the American Iron and Steel Institute.
US output was up 1.6% versus the week prior but 3.7% below the same year-ago period when production was 1,834,000 net tons. Mill capacity utilization last week was 1.2 percentage points above the prior week and 0.1 percentage points above the same period one year ago when utilization was 80.8%.
