NEW YORK U.S. raw steel output totaled 1,840,000 net tons last week, up 0.7 percent from 1,827,000 tons the previous week, as mills operated at an average capability utilization rate of 74.5 percent. It was the highest level since the week ended Sept. 1.
In the corresponding week last year, mills produced 1,863,000 tons at an average capability utilization rate of 75.2 percent, according to the American Iron and Steel Institute, Washington.
Mills have produced 95,400,000 tons so far this year at an average capability utilization rate of 75.7 percent, up 2.8 percent from the same period last year, when mills produced 92,842,000 tons at an average capability utilization rate of 74.4 percent.
