Steel Products Prices North America
June 4, 2019
Raw Steel Production Stays Above 81 Percent
Written by Tim Triplett
The U.S. mill capability utilization rate saw a slight dip for the third week in a row but remained above 81 percent (81.2 percent) for the week ending June 1. Raw steel production declined by 0.1 percent from the previous week to 1,890,000 net tons. The week’s production represented a 4.5 percent increase from the same period last year, reported the American Iron and Steel Institute.
Adjusted year-to-date production through June 1 totaled 41,235,000 tons at an average capability utilization rate of 81.6 percent, a tonnage increase of 6.2 percent from the same period last year when the utilization rate was 76.6 percent
