Steel Products Prices North America
Raw Steel Production Stays at 80 Percent
Written by Brett Linton
October 23, 2018
U.S. mills have operated at 80 percent of capacity or better for two weeks in a row. U.S. raw steel production for the week ending Oct. 20 totaled 1,875,000 net tons with the mills averaging 80.0 percent of their capability, down slightly from 80.2 percent reported the prior week, according to the American Iron and Steel Institute. The current week’s production represents a 10.0 percent jump from the same period last year when mill utilization was at 73.2 percent. Mills are currently operating near a four-year high.
Adjusted year-to-date producton through Oct. 20 totaled 76,076,000 net tons at a capability utilization rate of 77.7 percent, up 4.9 percent from the same period last year when the capability utilization was 74.3 percent.
Following is production by district for the Oct. 20 week: North East: 222,000 net tons; Great Lakes, 685,000 net tons; Midwest, 197,000 net tons; South, 687,000 net tons; and West, 84,000 net tons, for a total of 1,875,000.
Note, mill capability for fourth-quarter 2018 is approximately 30.8 million tons, compared to 30.6 million tons for the same period last year and 30.8 million tons for third-quarter 2018.
The raw steel production tonnage provided in this report is estimated. The figures are compiled from weekly production tonnage from 50 percent of the domestic producers combined with monthly production data for the remainder. Therefore, this report should be used primarily to assess production trends. The AISI monthly production report provides a more detailed summary of steel production based on data supplied by companies representing 75 percent of U.S. production capacity.
Brett Linton
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