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· US raw steel output dropped 2.4% WoW, now at 1.66 million tons.
· Capacity utilization fell to 74.5%, indicating softer demand.
· Mills expected to operate cautiously amid trade and economic concerns.
According to the latest data from the American Iron and Steel Institute (AISI), US raw steel production dropped by 2.4% week-on-week, totaling 1.66 million net tons for the week ending March 23, 2025. Capacity utilization stood at 74.5%, down from 76.3% the previous week, highlighting softer demand and operational slowdowns.
Analysts attribute the decline to muted construction activity, inventory adjustments by service centers, and economic uncertainty affecting manufacturing sectors. The Midwest and Southern regions, key steel-producing hubs, saw the sharpest declines in output.
Despite the dip, year-to-date production remains only slightly lower than last year’s levels, indicating that broader trends may stabilize in Q2. However, mills are adopting a cautious approach, adjusting output to avoid oversupply and pricing pressure.
The downward revision in production also comes amid ongoing global trade tensions and fluctuating raw material costs. Steelmakers are closely monitoring demand signals from the automotive, construction, and energy sectors before ramping up capacities again.
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