Steel Products Prices North America
July 30, 2019
Mills Producing Steel at Nearly 81 Percent Capacity
Written by Tim Triplett
Steel mill capacity utilization inched up for the third week in a row to nearly 81 percent last week as the domestic mills seek to capitalize on higher prices in the marketplace.
Raw steel production for the week ending July 27 totaled 1,884,000 net tons, an increase of 0.6 percent from the previous week, as the U.S. mill utilization rate averaged 80.9 percent. Production was up by 2.5 percent compared with the same week last year when capacity utilization averaged 78.4 percent, reported the American Iron and Steel Institute.
