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US raw steel production slips in early June

CDRecycler - While U.S. raw steel production saw week-over-week gains in the second half of May, the first week of June saw a slight contraction, according to figures from the American Iron and Steel Institute (AISI), Washington.

In the week ending June 6, domestic raw steel production was approximately 1.195 million net tons, while the capability utilization rate was 53.3 percent. That compares with 1.87 million tons of production in the week ending June 6, 2019, at a capability utilization rate of 80.2 percent. The current week production represents a 36 percent decrease from the same period in the previous year, AISI says, and a 0.9 percent decrease from the week ending May 30 this year. For the last week of May of this year, production was 1,206,000 net tons, and the rate of capability utilization was 53.8 percent.

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