This morning in metals news: US steel capacity utilization picked up to 78.7% last week; the US Census Bureau reported US goods and services trade figures for March; and Ford released its April sales totals.
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US steel capacity utilization reaches 78.7%
US steel capacity utilization for the week ending May 1 reached 78.7%, the American Iron and Steel Institute reported.
The rate increased from 78.4% the week before and from 55.2% during the same week in 2020.
Output last week totaled 1,788,000 net tons, or up 44.4% year over year.
US goods and services deficit rises
The US goods and services trade deficit picked up by $3.9 billion in March from the previous month, reaching $74.4 billion.