The American Iron and Steel Institute (AISI) reported Monday that US raw steel production fell last week (ended July 23) with output falling 2 percent from the previous week. In the prior week (ended July 16), US raw steel production had increased 1.7 percent compared to the week before.

Total raw steel production in the United States amounted to 1,830,000 net tons (nt) last week. This figure represents a 2 percent decrease from the 1,879,000 nt produced in the prior week, and is up 5.3 percent from the 1,684,000 produced in the same week last year.

The capacity utilization rate of US raw steelmaking facilities was 74.8 percent in the week ending July 23, compared to 76.8 percent in the previous week 69.6 percent in the same week of last year.

Source:steelorbis