Steel Products Prices North America
July 23, 2019
Raw Steel Production Up to 80.4 Percent
Written by Tim Triplett
Domestic steelmakers are keeping their capacity utilization above the 80 percent mark as they seek higher prices in the marketplace. The U.S. mill utilization rate averaged 80.4 percent in the week ending July 20, an increase of 0.3 percent from the previous week. Raw steel production for the week totaled 1,872,000 net tons. Production was up by 1.8 percent compared with the same week last year, when capacity utilization averaged 78.4 percent, reported the American Iron and Steel Institute.
Adjusted year-to-date production through July 20 totaled 54,197,000 net tons at an average capability utilization rate of 81.1 percent. That’s up 5.0 percent from the 51,593,000 net tons during the same period last year when the capability utilization rate was 77.0 percent.
