Core Report | October 4, 2024

Domestic raw steel production had the largest week-over-week decline since 2020 last week as mills continue maintenance outages. U.S. mills produced an estimated 1,646k tons at a 74.1% utilization rate; this is down from 1,707k tons and a 76.9% rate previously. This is the lowest utilization rate and tonnage output since January 2023.

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