Steel Products Prices North America
August 15, 2017
Steel Production, Mill Utilization Up from Last Year
Written by Tim Triplett
Domestic raw steel production totaled 1,780,000 net tons in the week ending Aug. 12, up 1.0 percent from the previous week and a 7.6 percent increase from the same period in 2016. The mill capability utilization rate was 76.4 percent for the week, up from 70.8 percent the same time last year, reports the American Iron and Steel Institute in Washington.
The last time the capability utilization rate was this high was the week ending Jan. 10, 2015, when 1,899,000 tons were produced at a rate of 79.0 percent. The last time raw production was this high was the week ending March 11, 2017, when 1,791,000 tons were produced at a rate of 75.6 percent.
