Steel Products Prices North America
February 4, 2020
Weekly Steel Production Tops 82 Percent for January
Written by Tim Triplett
With January in the record books, domestic steelmakers have managed to keep their raw steel production at a healthy 82 percent of capacity or better for the entire first month of the year, outpacing the rate in the beginning of 2019. Production in the week ending Feb. 1 totaled 1,914,000 net tons for a utilization rate of 82.1 percent, down a slight 0.3 percent from the previous week but up 1.9 percent compared with the same week last year, reported the American Iron and Steel Institute.
Adjusted year-to-date production through Feb. 1 totaled 8,769,000 net tons at a utilization rate of 82.3 percent. That’s up 2.4 percent from the same period last year when the rate was 80.4 percent.
