US steel mills’ capacity utilization rates up 10.1 percent year-over-year

Monday, 07 January 2019 04:21:01 (GMT+3)   |   San Diego
       

According to data from the American Iron and Steel Institute, for the week ending on January 5, 2019, domestic raw steel production was 1,876,000 net tons while the capability utilization rate was 80.0 percent.

To contrast, production during the week ending January 5, 2018 was 1,704,000, while the capability utilization was recorded at 73.1 percent. The current week production represents a 10.1 percent increase from the same period in the previous year. Production for the week ending January 5, 2019 is down 1.2 percent from the previous week ending December 29, 2018 when production was 1,899,000 net tons and the rate of capability utilization was 81.0 percent.

Adjusted year-to-date production through January 5, 2019 was 1,876,000 net tons, at a capability utilization rate of 80.0 percent. That is up 10.1 percent from the 1,704,000 net tons during the same period last year, when the capability utilization rate was 73.1 percent.

Broken down by districts, the production for the week ending January 5, 2019 in thousands of net tons is as follows: North East: 219; Great Lakes: 719; Midwest: 203; Southern: 661 and Western: 74 for a total of 1876.

 


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