Steel Products Prices North America
May 12, 2020
Steel Mill Utilization Inches Up to 53.7 Percent
Written by Tim Triplett
Has steel production turned a corner? After a series of sharp declines since the coronavirus shutdowns in mid-March, the mill utilization rate actually saw a small uptick last week.
In the week ending May 9, steel production totaled 1,204,000 net tons with the mills operating at an average capability utilization rate of 53.7 percent. Production was up 5.2 percent from the prior week when output totaled 1,144,000 tons at a utilization rate of 51.1 percent, reported the American Iron and Steel Institute.
