Steel Products Prices North America
June 12, 2018
Another Average Week for Raw Steel Production
Written by Tim Triplett
Raw steel production for the week ending June 9 totaled 1,753,000 net tons, a 0.3 percent increase from the same period last year, but down 0.1 percent from the previous week. Weekly raw steel production has leveled out at an average around 1.77 million tons since briefly topping the 1.8 million ton mark in March and April. The mill capability utilization rate for the June 9 week averaged 74.8 percent, about the same as the prior week and prior year. Raw steel capability utilization for the year peaked in March at 78.7 percent, reports the American Iron and Steel Institute.
Adjusted year-to-date producton through June 9 totaled 40,321,000 net tons at a capability utilization rate of 75.5 percent. That’s up 1.8 percent from 35,597,000 tons in the same period last year when the capability utilization was 74.4 percent.
