Prices
July 25, 2022
AISI: Weekly Raw Steel Production Rebounds
Written by David Schollaert
Raw steel production by US mills recovered last week after declining for two straight weeks. Despite the increase, mill utilization rates remained below the 80% mark for a third consecutive week. Domestic capacity utilization rose to 79.6% while mill production totaled 1,754,000 net tons in the week ending July 23, reported the American Iron and Steel Institute.
US output was up 0.9% versus the week prior but down 5.8% versus the same year-ago period when production was 1,862,000 net tons. Mill capacity utilization last week was 0.7 percentage points above the prior week but 4.8 percentage points below the same period one year ago when utilization was 84.4%.
