Steel Products Prices North America
May 28, 2019
Weekly Raw Steel Production Stays Above 81 Percent
Written by Tim Triplett
The U.S. mill capability utilization rate saw a slight dip for the second week in a row, to a still healthy 81.3 percent for the week ending May 25. Raw steel production declined by 0.4 percent from the previous week to 1,892,000 net tons. The week’s production represented a 4.6 percent increase from the same period last year, reported the American Iron and Steel Institute.
Adjusted year-to-date production through May 25 totaled 39,417,000 tons at an average capability utilization rate of 81.8 percent, a tonnage increase of 6.4 percent from the same period last year when the utilization rate was 76.6 percent
