Steel Products Prices North America
August 7, 2018
Weekly Raw Steel Production Trending Above 1.8 Million Tons
Written by Tim Triplett
U.S. raw steel production remained above the 1.8 million ton mark for the third week in a row, reports the American Iron and Steel Institute in Washington. Raw steel output for the week ending Aug. 4 totaled 1,828,000 net tons, a 4.3 percent increase from the same period last year, but down 0.4 percent from the previous week. The mill capability utilization rate for the Aug. 4 week of 78.0 percent was down slightly from 78.3 percent in the prior week, but up from 75.2 percent in the same week last year. Utilization remains near this year’s peak of 78.7 percent achieved in March.
Adjusted year-to-date producton through Aug. 4 totaled 55,416,000 net tons at a capability utilization rate of 76.8 percent. That’s up 3.5 percent from 53,522,000 tons in the same period last year when the capability utilization was 74.4 percent.
