Steel Products Prices North America
September 21, 2021
Mill Utilization Hovers Around a Healthy 85%
Written by David Schollaert
Domestic raw steel production edged down marginally in the week ending Sept. 18 after climbing to a new pandemic-era high the week prior. According to the American Iron and Steel Institute (AISI), production by U.S. mills was estimated at 1,874,000 net tons while the average utilization rate was 84.9%. Mill utilization has fluctuated in recent weeks but has nonetheless hovered around a healthy 85%.
Weekly output slipped by 0.4% compared to the week prior when production was 1,882,000 net tons and average utilization was 85.3%. Last week’s production total represents a 21.9% increase from year-ago levels, when output was 1,537,000 net tons and utilization was just 68.6% due to COVID.
