The American Iron and Steel Institute (AISI) reported Monday that US raw steel production rose last week (ended October 15), with output increasing 1.6 percent from the previous week. In the prior week (ended October 8), US raw steel production had jumped 2.9 percent compared to the week before.
Total raw steel production in the United States amounted to 1,862,000 net tons (nt) last week, representing a 1.6 percent increase from the 1,833,000 nt produced in the previous week, and a 14.3 percent increase from the 1,629,000 nt produced in the same week of last year.
The capacity utilization rate of US raw steelmaking facilities was 75.1 percent in the week ending October 15, compared to 74 percent in the previous week and 67.3 percent in the same week of last year.