US steel production declined slightly last week and was 0.7% lower than the previous week, but 4.6% higher compared to the same week last year, according to data released by the American Iron and Steel Institute.
US capacity utilization dropped to 74.3% last week from 74.8% the previous week, but above 70.8% in the same week a year ago.
AISI determines its weekly crude steel production data based on weekly data from 50% of the domestic industry and estimates the rest using monthly production data.
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