Steel Products Prices North America
September 17, 2019
Raw Steel Production Declines for Third Week in a Row
Written by Tim Triplett
Raw steel production by domestic steelmakers declined for the third week in a row, taking the industry’s average capability utilization rate down by another full percentage point to 77.8 percent. The last time the utilization rate was above 80 percent was the week of Aug. 24. Mill production has dipped by nearly 3 percentage points in the past month.
Production for the week ending Sept. 14 totaled 1,811,000 net tons, down 1.3 percent from the previous week and down 2.9 percent compared with the same period last year, reported the American Iron and Steel Institute.
