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    October 11, 2022

    Raw Steel Production Edges Back Down: AISI

    Written by David Schollaert

    Raw steel production by US mills slipped back down last week, unable to maintain the slight uptick seen the week prior. Last week’s utilization also edged down compared to the previous week. Utilization rates haven’t eclipsed the 80% mark in 14 weeks, the longest run since the pandemic.

    Domestic steel output was 1,680,000 net tons in the week ending Oct. 8, while capability utilization was 75.3% — its lowest rate since the week ended Feb. 6, 2021, according to the latest data from the American Iron and Steel Institute (AISI).

    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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