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U.S. crude steel production sees notable decline in recent figures

The latest data from the American Iron and Steel Institute highlights a continued decline in U.S. crude steel production.

U.S. crude steel production sees notable decline in recent figures

As of the week ending April 20, 2024, production stood at approximately 1.72 million net tons, experiencing a 0.6% decrease from the previous week and a 3% decrease from the same week in the previous year.

This period's capacity utilization rate was recorded at 77.3%, showing a slight drop from earlier figures. Moreover, the year-to-date production up to April has decreased by 2.5% to about 26.94 million net tons, with the capacity utilization rate reducing to 76.5%.

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