Steel Products Prices North America
March 24, 2020
Mill Utilization Rate Dips Below 80 Percent
Written by Tim Triplett
Raw steel production saw its third weekly decline of 1 percent or more, taking the mill capability utilization rate below 80 percent for the first time since mid-December 2019 as the coronavirus crisis begins to affect steel demand.
Production for the week ending March 21 totaled 1,852,000 net tons, for a utilization rate of 79.4 percent. That’s down 1.4 percent from the prior week, and a 3.2 percent decrease from the same period last year, reported the American Iron and Steel Institute.
