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US raw steel production experienced a weekly decrease

US raw steel production decreased by 0.4% in the week ending August 3.

US raw steel production experienced a weekly decrease

According to data from the American Iron and Steel Institute (AISI), US raw steel production recorded approximately 1.72 million net tons in the week ending August 3. This figure represents a decrease by 0.4% from the previous week, but an increase by 0.6% y/y.

During the same period, the capacity utilization rate for steel production facilities reached 77.5%. This represents a decrease by 0.4% w/w but an increase by 2.3% y/y.

As of August 5, US raw steel production has totaled approximately 52.42 million net tons year-to-date, representing a  decrease by 2.2% compared to the same period last year. Capacity utilization rate has also decreased by 0.8% compared to last year, falling to 76.5%.

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