Steel Products Prices North America
November 6, 2018
Steel Production Hits Highest Rate in a Decade
Written by Brett Linton
Domestic steelmakers achieved their highest production rate in a decade last week, hitting a capability utilization of 81.8 percent. The last time production was higher was the week ending Sept. 27, 2008, when the mills operated at 83.2 percent and produced nearly 2 million tons.
U.S. raw steel production for the week ending Nov. 3 totaled 1,917,000 net tons, a 12.4 percent jump from the same period last year. The utilization rate of 81.8 percent was a considerable improvement from the 73.2 percent rate in the prior year, and a 1.0 percent increase from the prior week.
