Steel Products Prices North America
July 24, 2018
Weekly Raw Steel Production Tops 1.8 Million Tons
Written by Tim Triplett
U.S. raw steel production last week topped the 1.8 million ton mark for the first time since March, reports the American Iron and Steel Institute in Washington. Raw steel output for the week ending July 21 totaled 1,815,000 net tons, a 4.7 percent increase from the same period last year and up 1.8 percent from the previous week. The mill capability utilization rate for the July 21 week averaged 77.4 percent, up from 76.1 percent in the prior week and from 74.3 percent in the same week last year. Mill utilization is approaching this year’s peak of 78.7 percent.
Adjusted year-to-date producton through July 21 totaled 51,520,000 net tons at a capability utilization rate of 76.4 percent. That’s up 3.0 percent from 50,037,000 tons in the same period last year when the capability utilization was 74.4 percent.
