Steel Products Prices North America
November 13, 2018
Industry Sustains Steel Production Above 80 Percent
Written by Brett Linton
Domestic steelmakers have been able to sustain operations above 80 percent capacity utilization for a month now, keeping production at the highest rate seen in a decade. U.S. raw steel production for the week ending Nov. 10 totaled 1,915,000 net tons, a utilization rate of 81.7 percent, just slightly below the prior week, but a 12.1 percent jump from the same period last year when the industry was operating at 73.3 percent of its capability.
Adjusted year-to-date producton through Nov. 10 totaled 81,809,000 net tons at an average capability utilization rate of 77.9 percent, up 5.3 percent from the same period last year when the capability utilization was 74.2 percent.
