US raw steel output drops another 1.3%
Dec 09, 2008 | 10:15 AM
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U.S. raw steel production fell to the lowest level in at least 24 years last week, shedding another 1.3 percent to 1,182,000 tons vs. 1,197,000 tons the previous week, as mills operated at an average capability utilization rate of 49.5 percent.
In the corresponding week last year, mills produced 2,102,000 tons at an average capability utilization rate of 88.1 percent, according to the American Iron and Steel Institute, Washington.....
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