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US steel production dips week over week

Cdrecycler - Domestic raw steel production was 1.38 million net tons for the week ending Aug. 29, for a capability utilization rate of 61.7 percent, according to figures from the American Iron & Steel Institute, Washington. This is a 24.9 percent reduction from production of 1.84 million net tons for the week ending Aug. 29, 2019, at a capability utilization rate of 79.1 percent.

Production for the last week of August this year represents a 2.1 percent reduction from production during the previous week ending Aug. 22, in which 1.41 million net tons of steel were produced at a capability utilization rate of 63 percent.

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