In the week concluding on November 18, U.S. crude steel production experienced a slight upturn, reaching 1.696 million short tons. This marks a 0.8% increase compared to the previous week and a notable 6.4% surge year-on-year. The latest data also reveals a positive trend in capacity utilization, with a 73.8% rate—an uptick of 0.6% week-on-week and 2.3% year-on-year.
As of November 18, the year-to-date production, after adjustments, amounted to approximately 78.7 million short tons. Although this reflects a marginal 0.4% year-on-year decline, the capacity utilization rate stands at 75.7%, indicating a 2.4% reduction compared to the same period last year. These statistics underscore the nuanced dynamics within the U.S. steel production sector.
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