US raw steel production fell for a third week, according to American Iron and Steel Institute data released Monday.

In the week that ended Saturday, US mills produced 1.817 million st of steel, down 1% from the prior week's 1.835 million st. Capability utilization slipped to 75.8% from 76.6%.

Compared with the same week a year ago, steel output last week represents a 7.4% gain on the 1.692 million st yielded in the comparable week, when mills operated at a 68% utilization rate.