After dropping four out of the past five previous weeks, domestic raw steel production increased slightly last week according to a recently released report by Majestic Steel. From the report:
U.S. mills produced an estimated 1,923k tons at an 82.5 percent utilization rate; this is up from 1,901k tons and an 81.5 percent rate previously. This is the highest weekly production output since late January. Production increased in all five regions, with the largest increase (in tons) coming from the Southern region. Production from the Southern region climbed from 712k tons to 723k tons. Year-to-date production remains 0.8 percent above the same time frame from last year.