Steel Products Prices North America
September 24, 2019
Steel Mill Utilization Dips to 77.7 Percent
Written by Tim Triplett
Steelmakers had a good run, keeping their mills running at 80 percent capacity or better for 30 weeks this year. But the market has shifted and the trend has reversed. Raw steel production by U.S. mills saw another small decline last week, taking the industry’s average capability utilization rate down to 77.7 percent. Mill utilization is down 5.7 percentage points from its 10-year high of 83.4 percent in March.
Production for the week ending Sept. 21 totaled 1,809,000 net tons, down 0.1 percent from the previous week and down 3.1 percent compared with the same period last year, reported the American Iron and Steel Institute.
