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03 Jan

US reduces raw steel production

US raw steel production for the week of 31 December was 1.60 million short tons with a capability utilisation rate of 71.8%, Kallanish learns from the American Iron and Steel Institute. The figure represents a 9.4% decrease from the same week in 2021, when production was 1.76m st and utilisation was 80.1%. Raw steel production decreased by 0.7% since last week, when production was 1.61m st and capability was 72.3%. The South produced 663,000 st of steel…
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