Steel Products Prices North America
March 1, 2021
Mill Utilization Rate Posts Repeated Gains
Written by David Schollaert
Weekly raw steel production by U.S. mills totaled 1,749,000 tons in the week ending Feb. 27, up 0.2% from the week prior when production was 1,745,000 tons. Although marginal, raw steel production was up for a third consecutive week. The mill utilization rate was 77.2%, up from 77.0% one week ago, yet down 7.0% from the same period last year when production was 1,880,000 net tons.
Adjusted year-to-date production through Feb. 27 was 14,357,000 net tons, at an average utilization rate of 76.5%. That’s down 8.4% from the same period last year then the utilization rate was 81.9% and production was 15,674,000 net tons, AISI said.
