Steel Products Prices North America
July 13, 2021
AISI: Mill Utilization at Highest in More Than a Decade
Written by David Schollaert
U.S. mills produced steel at an average utilization rate of 83.6% last week, the highest rate in more than a decade as they scramble to keep up with the strong demand in today’s economy. Raw steel production by U.S. mills totaled 1,852,000 net tons in the week ending July 10, up 0.5% compared with the week prior. Mill capacity utilization rose 0.6% week on week, reported the American Iron and Steel Institute (AISI).
Last week’s output represents a 37.2% increase from year-ago levels, when production was 1,350,000 net tons and utilization was 60.3% as steel demand was still impacted by the pandemic.
