Steel Products Prices North America
July 17, 2018
U.S. Raw Steel Production Down Slightly for the Week
Written by Tim Triplett
U.S. raw steel production for the week ending July 14 totaled 1,783,000 net tons, a 2.9 percent increase from the same period last year but down 0.5 percent from the previous week. The mill capability utilization rate for the July 14 week averaged 76.1 percent, down from 76.4 percent in the prior week but up from 74.3 percent in the same week last year, reports the American Iron and Steel Institute in Washington. Mill utilization remains short of the industry goal of 80 percent or more and still lags this year’s peak of 78.7 percent recorded in March.
Adjusted year-to-date producton through July 14 totaled 49,705,000 net tons at a capability utilization rate of 76.3 percent. That’s up 2.9 percent from 48,304,000 tons in the same period last year when the capability utilization was 74.4 percent.
