Steel Products Prices North America
May 14, 2019
Mill Capacity Utilization Nears 83 Percent
Written by Tim Triplett
The U.S. mill capability utilization rate bumped up a half point to 82.8 percent for the week ending May 11, while raw steel production increased by 0.6 percent from the previous week to 1,927,000 net tons. The week’s production represented a 6.6 percent increase from the same period last year, reported the American Iron and Steel Institute.
Adjusted year-to-date production through May 11 totaled 35,625,000 tons at an average capability utilization rate of 81.8 percent, a tonnage increase of 6.6 percent from the same period last year when the utilization rate was 76.6 percent
