Steel Products Prices North America
March 26, 2019
Steel Production Up 6.7 Percent in Q1
Written by Tim Triplett
The U.S. steel industry produced approximately 24 million tons of steel in the first quarter of 2019, a 6.7 percent increase from the same period last year. Mill utilization averaged 81.8 percent, up more than 5 percentage points from the 76.6 percent in 2018.
U.S. raw steel production for the week ending March 30 dipped by 1.1 percent from the previous week to 1,913,000 net tons, while the mill capability utilization rate eased by about a percentage point to 82.2 percent. The week’s production represented a 4.8 percent increase from the same period last year, reported the American Iron and Steel Institute.
