Steel Products Prices North America
September 4, 2018
Weekly Raw Steel Production: Mill Utilization At 4 Year High
Written by Brett Linton
U.S. raw steel production continues to surpass previous highs, just a hair away from the 80 percent capability utilization level sought by the industry. The American Iron and Steel Institute reported a utilization rate for the week ending Sept. 1 of 79.8 percent, up from 79.3 percent in the prior week, and up from 75.4 percent the same week one year ago.
Raw steel production for the week totaled 1,870,000 net tons, the seventh week in a row that steel output topped 1.8 million tons. Production was up 0.6 percent from the previous week and up 6.3 percent from the same period last year.
