Steel Products Prices North America
December 18, 2018
Weekly Raw Steel Production at 80.6 Percent of Capacity
Written by Tim Triplett
Raw steel production by U.S. steelmakers in the week ending Dec. 15 inched up to 80.6 percent capability utilization. Steel production totaled 1,890,000 net tons for the week, up 0.7 percent from the prior week, and up 12.8 percent from the prior year, reports the American Iron and Steel Institute. Domestic mills have been running at more than 80 percent of their capacity for the past two months.
U.S. steelmakers have produced 6.0 percent more raw steel so far this year. Adjusted year-to-date production through Dec. 15 totaled 91,294,000 net tons. The average capacity utilization rate for the year has increased by more than 4 percentage points, to 78.2 percent from 74.0 percent in 2017.
