The weekly crude steel production data released by the American Steel and Steel Institute (AISI) showed a significant increase in production for the week ending October 16, 2021. Weekly production grew by a significant 21.5% over the previous one. year.
US crude steel production was 1.882 million net tonnes at a capacity utilization rate of 85.3%. Production was only 1.549 million tonnes with a capacity utilization rate of 70.1% in the same period a year earlier. Meanwhile, production for the week recorded a slight increase of 1.3% compared to production of 1.858 million tonnes, with a capacity utilization rate of 84.2% in the previous week.
US steel mills operate at 85.3% of production capacity
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