Steel Products Prices North America
July 16, 2019
Mill Utilization Rate Inches Back Over 80 Percent
Written by Tim Triplett
The U.S. mill capability utilization rate increased by 1.1 percent from the previous week, edging back up over 80 percent, reported the American Iron and Steel Institute. Raw steel production for the week ending July 13 totaled 1,867,000 net tons, for a mill utilization rate of 80.2 percent. Production was up by 1.6 percent compared with the same week last year, when capacity utilization averaged 78.4 percent.
Adjusted year-to-date production through July 13 totaled 52,325,000 net tons at an average capability utilization rate of 81.1 percent. That’s up 5.2 percent from the 49,756,000 net tons during the same period last year when the capability utilization rate was 77.0 percent.
