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US raw steel output jumps to one-year high

Keywords: Tags  raw steel, weekly output, American Iron and Steel Institute, capacity utilization,




NEW YORK — U.S. raw steel output jumped 2.7 percent last week to an estimated 1,903,000 net tons—the highest weekly production since mid-July last year—from 1,853,000 tons the previous week, as mills operated at an average capacity utilization rate of 79.1 percent.

In the corresponding week last year, mills produced 1,852,000 tons at an average capacity utilization rate of 77.3 percent, according to the American Iron and Steel Institute, Washington.

Mills have produced 50,734,000 tons so far this year at an average capacity utilization rate of 76.6 percent, up 0.1 percent from 50,683,000 tons at an average capacity utilization rate of 76.8 percent in the same period last year.



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