Steel Products Prices North America
June 11, 2019
Mill Capacity Utilization Inches Downward
Written by Tim Triplett
The U.S. mill capability utilization rate declined slightly for the fourth week in a row to 80.6 percent in the week ending June 8. Raw steel production dipped by another 0.8 percent from the previous week to 1,875,000 net tons. Current mill utilization is down about 2.8 percentage points from its peak earlier this year. The week’s production still represented a 3.3 percent increase from the same period last year, reported the American Iron and Steel Institute.
Adjusted year-to-date production through June 8 totaled 43,110,000 net tons at an average capability utilization rate of 81.5 percent, a tonnage increase of 6.0 percent from the same period last year when the utilization rate was 76.7 percent
