Domestic raw steel production was up last week for the third consecutive week, according to a new report from Majestic Steel. U.S. steel mills produced an around 1,240k tons of steel at a 55.4 percent utilization rate, compared to 1,224k tons and a 54.6 percent rate previously.
"Production has now climbed over 8 percent since bottoming in mid- May," the report reads. "Production increased in four of the five regions, with the largest increase (in tons) coming from the Northeast region."