Steel Products Prices North America
March 13, 2018
U.S Raw Steel Production Tops 1.8 Million Tons
Written by Tim Triplett
U.S. raw steel production for the week ending March 10 totaled 1,813,000 net tons, a 5.7 percent increase from the same period last year. While down 1.1 percent from the prior week, this is the second week this year that production has topped 1.8 milllion tons. Prior to this month, the last time weekly production topped 1.8 million tons was in January 2015 when 1,899,000 tons were produced at a utilization rate of 79.0 percent. The mill capability utilization rate for the March 10 week averaged 77.8 percent, down slightly from 78.7 percent the prior week, reports the American Iron and Steel Institute in Washington.
Adjusted year-to-date producton through March 10 totaled 17,187,000 net tons at a capability utilization rate of 74.8 percent. That’s down 0.2 percent from the same period last year when the capability utilization was 74.6 percent.
