The American Iron and Steel Institute (AISI) reported Monday that US raw steel production rose last week (ended July 16) with output increasing 1.7 percent from the previous week. In the prior week (ended July 9), US raw steel production had fallen 0.3 percent compared to the week before.
Total raw steel production in the United States amounted to 1,879,000 net tons (nt) last week. This figure represents a 1.7 percent increase from the 1,848,000 nt produced in the prior week, and is up 11.6 percent from the 1,684,000 nt produced in the same week of last year.
The capacity utilization rate of US raw steelmaking facilities was 76.8 percent in the week ending July 16, compared to 75.6 in the previous week and 69.6 percent in the same week of last year.