The US crude steel production decreased by 0.1% w-o-w

According to data provided by the American Iron and Steel Institute (AISI), the week ending on January 27 saw the United States' crude steel production reach 1.68 million short tons. This marked a slight decline of 0.1% compared to the preceding week and a 1.0% decrease compared to the same period in the previous year. The capacity utilization rate stood at 75.6%. This reflected a 0.1% decrease both week on week and year on year.

Looking at the cumulative production for the year up to the week ending January 27, the adjusted figure for the US crude steel production was approximately 6.524 million short tons. This represented a marginal 0.1% decrease compared to the production level during the same period in the previous year. The capacity utilization rate for this timeframe was 76.2% indicating a y-o-y rise of 0.3%.