Steel Products Prices North America
March 6, 2018
Steel Mill Utilization Rate Nears Three-Year High
Written by Tim Triplett
U.S. raw steel production for the week ending March 3 totaled 1,834,000 net tons at a mill capability utilization rate of 78.7 percent, reports the American Iron and Steel Institute in Washington. The last time production was this high was the week ending Jan. 10, 2015, when 1,899,000 tons were produced at a utilization rate of 79.0 percent.
Steel production last week showed an increase of 2.9 percent from the prior week and 5.0 percent from the same period last year. The mill capability utilization rate for the week was up more than two percentage points from the prior week and nearly four percentage points from the same time last year when the rate averaged 74.9 percent.
