Steel production in the USA is growing

According to statistics from the American Iron and Steel Institute (AISI), for the week ended October 12, US steel production was about 1.82 million tonnes, up 0.9% from the same period a week ago, while declining by 3. 0% from the same period last year. Capacity utilization was 78.7%, up 0.7% weekly, but down 1.4% year on year.

As of the week ending October 12, 2019 U.S. steel production was about 76.08 million tonnes, up 2.9% from the previous year. The capacity utilization rate was 80.3%, with an annual growth rate of 2.8%.