The American Iron and Steel Institute (AISI) reported Tuesday that US raw steel production fell last week (ended May 28) with output decreasing 1.1 percent from the previous week. In the prior week (ended May 21), US raw steel production had risen 0.6 percent compared to the week before.Total raw steel production in the United States amounted to 1,801,000 net tons (nt) last week. This figure represents a 1.1 percent decline from the 1,821,000 nt production in the prior week, and is up 0.4 percent from the 1,808,000 nt produced in the same week of last year.
The capacity utilization rate of US raw steelmaking facilities was 73.7 percent in the week ending May 28, compared to 74.5 in the prior week and 74.8 percent in the same week last year.