Steel Products Prices North America
August 27, 2019
Steel Mill Utilization Moves Back Above 80 Percent
Written by Tim Triplett
Steel mill capacity utilization climbed back over the 80 percent mark last week, increasing by 1.1 percent to register 80.6 percent, reported the American Iron and Steel Institute. Production was up by 0.9 percent compared with the same period last year. Raw steel production for the week ending Aug. 24 totaled 1,877,000 net tons.
Domestic steelmakers have produced 63,546,000 tons for the year to date, a 4.4 percent increase compared with the same period in 2018. Mill utilization has averaged 81.0 percent so far this year, up from 77.3 percent last year.
