Steel Products Prices North America
August 4, 2020
Weekly Steel Production Up, But Still Down 20 Percent for the Year
Written by Tim Triplett
Steel production by U.S. mills has been creeping steadily upward for the past eight weeks as the economy and steel demand slowly recover from the effects of the coronavirus. Production for the first seven months of the year remains nearly 20 percent below the same period in 2019, however.
Adjusted year-to-date production through Aug. 1 totaled 46,102,000 net tons at an average utilization rate of 66.2 percent. That’s down 19.9 percent from the same period last year when the utilization rate was 80.9 percent, reported the American Iron and Steel Institute.
