Steel Products Prices North America
August 13, 2019
Steel Production Saw a 1.6 Percent Decrease Last Week
Written by Tim Triplett
After a month of small increases, steel mill capacity utilization dipped last week to 80.2 percent. The mills have still kept production above the benchmark 80 percent level for the past five weeks, since the week ending July 6.
Raw steel production for the week ending Aug. 10 totaled 1,867,000 net tons, a decrease of 1.6 percent from the previous week when the U.S. mill utilization rate averaged 81.5 percent. Production was up by 0.3 percent compared with the same week last year when capacity utilization averaged 79.4 percent, reported the American Iron and Steel Institute.
