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U.S. crude steel output has fallen for the fourth week in a row
Crude steel output in the United States has fallen for the fourth week in a row. Capacity utilization fell below the psychological threshold of 80%.
Crude steel output in the U.S. totaled 1.758 million short tons in the week ended Feb. 12, down 1.5 percent from the previous week, according to the American Iron and Steel Institute (AISI). It is reported that this is the lowest production level since March 27. Production data at U.S. factories fell 1.3 percentage points on a week-on-week basis to 79.8%.
Crude steel output this year was 11.043 million short tons, up 3.5 percent, the report said. It slao showed that capacity utilization rose by 4.9 percentage points to 81.6 percent.
Production fell in most steelmaking regions last week: 1% in the Great Lakes (to 607,000 st), and 11% in the Midwest (195,000 st) and West (68,000 st). Meanwhile, output at mills in the south and northeast rose 1% and 2%, respectively, to 715,000 short tons and 173,000 short tons, the report said.
