Steel Products Prices North America
June 16, 2020
Mills Up to 54 Percent of Capacity Last Week
Written by Tim Triplett
Steel production in the week ending June 13 totaled 1,210,000 net tons with the mills operating at an average utilization rate of 54.0 percent. Production was up 1.3 percent from the prior week when the utilization rate was 53.3 percent, reported the American Iron and Steel Institute. While improved, the current week’s production still represents a 35.1 percent decrease from the same week last year when the mills were running at over 80 percent of capacity.
Adjusted year-to-date production through June 13 totaled 36,701,000 net tons at an average utilization rate of 68.0 percent–down 17.7 percent from production in the same period last year when the average utilization rate was 81.2 percent.
