US weekly raw steel production drops for third consecutive week

Tuesday, 24 July 2012 01:47:38 (GMT+3)   |  
       

On Monday, the American Iron and Steel Institute (AISI) reported that US raw steel production fell 0.3 percent last week (ended July 21), following a 1.4 percent drop the previous week and a 0.6 percent decline the week prior.

Total raw steel production in the United States amounted to 1,837,000 net tons (nt) last week, representing a 0.3 percent decrease from the 1,843,000 nt produced in the previous week, and a 0.2 percent increase from 1,834,000 nt produced in the same week of last year.

The capacity utilization rate of US raw steelmaking facilities was 74.3 percent in the week ending July 21, compared to 74.6 percent in the previous week and 75 percent in the same week a year ago.


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