The US raw steel weekly capability utilization rate declined last week to 76.2%, according to American Iron and Steel Institute data released Monday.
US mills produced 1.78 million st of steel last week, down 1.5% from the previous week.
Last week's production was still 3.5% higher than the same week a year ago, when capability utilization was 73.6%.
Adjusted year-to-date production through the week ending March 31 was calculated by the AISI to be 22.59 million st at a capability utilization rate of 75.4%. That is up slightly from the 22.37 million st produced during the same period last year, when the capability utilization rate was 74.6%.
By district, last week's production totaled 205,000 st in the North East; 663,000 st in the Great Lakes region; 168,000 st in the Midwest; 667,000 st in the Southern district, and 73,000 st in the Western region.
The weekly raw steel production volume provided by the AISI is estimated. The figures are compiled from weekly production data provided by 50% of the domestic producers combined with monthly production data for the remainder.