Steel Products Prices North America
June 25, 2019
Mill Utilization Sees Small Dip, But Still Over 80 Percent
Written by Tim Triplett
The market is keeping a close watch on capacity utilization by domestic steelmakers for signs the mills may be dialing back on their high production rates to better match supply with demand. While there was a small dip, mill utilization remained above the 80 percent level last week.
The American Iron and Steel Institute reports that raw steel production for the week ending June 22 totaled 1,873,000 net tons, a 3.2 percent increase from the same period last year. The mill utilization rate was 80.5 percent, down from 81.1 percent the prior week.
