U.S. crude steel production sees modest weekly increase but yearly decline continues

However, this figure represents a 2.9% decline compared to the same week last year. The capacity utilization rate for this period was 77%, slightly up by 0.4% from the prior week but down 1.2% year-over-year.

For the year to date, adjusted production totals stood at about 30.26 million net tons, reflecting a 2.9% decrease from the previous year's figures during the same period. The capacity utilization rate has also seen a decrease, standing at 76.3%, which is 1.6% lower than last year.