Steel Products Prices North America
October 30, 2018
Steel Producers Operating at 81.0 Percent of Capacity
Written by Brett Linton
Domestic steel mills achieved a production rate last week not seen in more than six years. U.S. raw steel production for the week ending Oct. 27 totaled 1,898,000 net tons with the mills averaging 81.0 percent of their capability, up from 80.0 percent reported the prior week, according to the American Iron and Steel Institute. The current week’s production represents an 11.3 percent jump from the same period last year when mill utilization was at 73.2 percent. The last time the industry hit 81 percent of capacity was in May 2012.
Adjusted year-to-date producton through Oct. 27 totaled 77,974,000 net tons at a capability utilization rate of 77.7 percent, up 5.0 percent from the same period last year when the capability utilization was 74.3 percent.
