US raw steel production dips last week

NEW YORK (Scrap Monster): US raw steel production fell last week with output falling 0.9 percent from the previous week. In the prior week, US raw steel production had increased 0.7 percent compared to the week before.

Total raw steel production in the United States amounted to 1,853,000 net tons (nt)last week. This figure represents a 0.9 percent decline from the 1,871,000 nt produced in the prior week and is up 2 percent from the 1,784,000 nt produced in the same week of last year.

The capacity utilization rate of US raw facilities was 75.8 percent in the week ending July 2, compared to 76.5 percent in the previous week and 73.8 percent in the same week of last year. Steel Orbis reported.