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    June 7, 2022

    Raw Steel Production Slips From High Level

    Written by David Schollaert

    Raw steel production by US mills was down slightly last week, edging down for the first time in five weeks. Despite the lower output, domestic capacity utilization was a healthy 81.6% while mill production totaled 1,781,000 net tons in the week ending June 4, reported the American Iron and Steel Institute.

    US output was down 0.9% versus the week prior and 3.2% below the same year-ago period when production was 1,840,000 net tons. Mill capacity utilization last week was 0.8 percentage points below the prior week and 0.5 percentage points below the same period one year ago when utilization was 82.1%.

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

    Read more from David Schollaert

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