Steel Products Prices North America
August 11, 2020
Steel Mill Utilization Rate Up for 10th Week in a Row
Written by Tim Triplett
Capacity utilization by domestic steelmakers rose for the 10th week in a row last week, but remained about 25 percent behind production in the same week last year, reported the American Iron and Steel Institute.
Raw steel production by U.S. mills totaled 1,377,000 net tons in the week ending Aug. 15, with the mills hitting an average utilization rate of 61.5 percent. That’s a 20.4 percent improvement (10.4 percentage points) from the pandemic-induced low in the week ending May 2 when the mills only produced 1,144,000 tons at a rate of 51.1 percent.
