Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
US raw steel production moved higher in the week ended March 28, 2026, offering another sign of steady mill activity. According to American Iron and Steel Institute data, domestic mills produced 1.803 million net tons, with capability utilization reaching 77.9%. That was up 1.2% from the previous week and 5.9% higher than the same week a year earlier.
The market backdrop also remained supportive for recycling-linked inputs. Steel Market Update said shredded scrap, pig iron, iron ore and aluminum all rose over the last 30 days, while busheling scrap was steady. FRED data also shows US iron and steel scrap producer prices increased from January to February 2026, reinforcing the upward trend in recycling values.
The combination of firmer steel output and resilient scrap pricing points to stable near-term momentum in the US steel market, with recyclers and mills both watching raw material costs closely.
Also Read : US Adjusts Tariffs on Steel, Aluminum and Related Products U.S. Inflation Accelerates to 2.7% as Steel Tariffs Drive Cost Increases
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