Raw steel production ticks higher, nears multi-year high

Following three weeks of declines, raw steel production increased last week, according to recently released American Iron and Steel Institute (AISI) data. Production is close to the four-year high seen in mid-February.

Domestic mill production was estimated at 1,781,000 short tons (st) in the week ending March 21, up 7,000 st, or 0.4%, from the previous week (Figure 1).  Compare this to the mid-February peak of 1,817,000 st, the strongest rate recorded in four years.