US raw steel production up 1 percent week-on-week

According to the American lron and Steel Institute (AISl), in the week ending on April 8,2023,Us domestic raw steelproduction was 1,675,000 net tons while the capability utilization rate was 74.4 percent.
Production for the week ending April 8,2023 is up 1.0 percent from the previous week ending April 1, 2023 whenproduction was 1,658,000 net tons and the rate of capability utilization was 74.2 percent.
Production was 1,788,000 net tons in the week ending April 8,2022 while the capability utilization then was 81.9percent. The current week production represents a 6.3 percent decrease from the same period in the previous year.Adjusted year-to-date production through April 8, 2023 was 23,283,000 net tons, at a capability utilization rate of 74.4percent. That is down 4.3 percent from the 24,323,000 net tons during the same period last year, when the capabilityutilization rate was 80.3 percent.