US crude steel production began to fall in the third week of September after two consecutive weeks of growth.
Crude steel output is estimated to reach 1.45 million short tons or 1.31 million tonnes in the week ending on September 19, 19.7% lower than 1.8 million short tons a year ago and ticking down 0.9% from 1.46 million short tons in the week prior, data showed.
Capacity utilization of steel mills is forecast to be lower than 77.4% in the same period last year and 65.1% in the previous week, recording 64.5% in the week, according to the American Iron and Steel Institute (AISI).
By region, crude steel production reached 135,000 and 527,000 short tons in the northeastern region and the Great Lakes region respectively. The central western region produced 169,000 short tons of steel, and 553,000 short tons were contributed by the southern region. The remaining 62,000 short tons came from the western region.
US adjusted year-to-date crude steel production totaled 56.17 million short tons as of September 19, plunging by 20.1% year on year, while the capacity utilization of steel mills was 65.8%, much lower than the year-ago level of 80.3%.
(Writing by Shengnan Liu Editing by Harry Huo)
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