Steel Products Prices North America
July 14, 2020
Steel Production Up 13 Percent from May's Low
Written by Tim Triplett
Steel production moved up for the fifth week in a row, and the seventh out of the last eight weeks, to a total of 1,289,000 net tons in the period ending July 11 with the mills operating at an average utilization rate of 57.5 percent, reported the American Iron and Steel Institute. Production has increased 12.7 percent since the May 2, 2020, low of 1,144,000 tons.
Production was up 1.7 percent from the prior week when the utilization rate was 56.6 percent. The current week’s production still represents a 30.2 percent decrease from the same week last year.
