Steel Products Prices North America
July 10, 2018
U.S. Raw Steel Production Shows Gains for the Week
Written by Tim Triplett
Raw steel production for the week ending July 7 totaled 1,792,000 net tons, a 3.4 percent increase from the same period last year and up 0.6 percent from the previous week. The mill capability utilization rate for the July 7 week averaged 76.4 percent, up from 76.0 percent in the prior week and 74.3 percent in the same week last year, reports the American Iron and Steel Institute in Washington. Although it has increased, mill utilization still remains short of the industry goal of 80 percent or more. In fact, it still lags this year’s peak of 78.7 percent recorded in March.
Adjusted year-to-date producton through July 7 totaled 47,922,000 net tons at a capability utilization rate of 76.3 percent. That’s up 2.9 percent from 46,571,000 tons in the same period last year when the capability utilization was 74.4 percent.
