Steel Products Prices North America
June 18, 2018
Raw Steel Production Remains Near Same Level
Written by Tim Triplett
Raw steel production for the week ending June 16 totaled 1,740,000 net tons, a 0.4 percent decrease from the same period last year and down 0.7 percent from the previous week, but little changed from week to week since briefly topping the 1.8 million ton mark in March and April. The mill capability utilization rate for the June 16 week averaged 74.2 percent, down slightly from 74.8 percent in the prior week and 74.9 percent in the same week last 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 16 totaled 42,061,000 net tons at a capability utilization rate of 75.4 percent. That’s up 1.7 percent from 41,344,000 tons in the same period last year when the capability utilization was 74.4 percent.
