Steel Products Prices North America
July 6, 2021
AISI: Weekly U.S. Mill Utilization Hits 83%
Written by David Schollaert
Raw steel production by U.S. mills totaled 1,842,000 net tons in the week ended July 3, up 0.4% compared with the week prior when production was 1,835,000 net tons. The average mill utilization rate was 83.0%, up 0.3% week on week, based on the available data compiled and reported by the American Iron and Steel Institute (AISI). Last week’s output represents a 41.0% increase from year-ago levels, when production was 1,306,000 net tons and utilization was just 58.3% as steel mills continued to deal with pandemic-related slowdowns.
Adjusted year-to-date production through July 3 was 46,896,000 net tons, at an average utilization rate of 79.0%. That’s up 16.0% from the same period last year when the utilization rate was 67.7% and production was 40,415,000 net tons, AISI said.
