Steel Products Prices North America
February 25, 2020
Mills at 81.5 Percent Capacity Last Week, Produce 1.9 million Tons
Written by Tim Triplett
Raw steel production in the week ending Feb. 22 totaled 1,901,000 net tons, a small 0.3 percent decrease from the prior week. The average mill utilization rate of 81.5 percent has fluctuated within a narrow +/-1 percent range since the beginning of the year and remains at a healthy level for the mills. Production last week was down 0.8 percent from the same period in 2019, reported the American Iron and Steel Institute.
Adjusted year-to-date production through Feb. 22 totaled 14,476,000 net tons at a utilization rate of 82.0 percent. That’s up 1.1 percent from production in the same period last year when the average utilization rate was 81.3 percent.
