This Morning in Metals: U.S. Steel Mills Hit 80.6% Capacity Utilization Rate

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Pavel Ignatov/Adobe Stock

This morning in metals news, U.S. steel mills produced at a capacity utilization rate of 80.6% for the year through Feb. 9, U.S. steel mill shipments rose 4.8% in 2018 on a year-over-year basis and a Peruvian plant used to produce copper will be partially suspended for the next 3-5 days.

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Capacity Rate Maintains Level Above 80%

U.S. raw steel production for the year through Feb. 9 reached 10.9 million tons, according to the American Iron and Steel Institute (AISI), up 9.3% from the 9.9 million tons produced during the same period in 2018.

For the aforementioned period this year, U.S. steel mills produced at a capacity utilization rate of 80.6%, up from 75.7% for the same period in 2018.

For the week ending Feb. 9, production hit 1.9 million tons at a capacity utilization rate of 81.5%.

December Steel Shipments Up 6.5%

According to another AISI report, U.S. steel mills in December shipped 7.8 million net tons, marking a 0.8% increase from the previous month and a 6.5% increase year over year.

Shipments for the full year hit 95.3 million net tons, up 4.8% compared with 2017 shipments.

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Southern Copper Corp. Announces Suspension of Peru Plant

According to a Reuters report, Southern Copper Corp. announced the partial suspension of a plant in Peru used to produce copper.

The plant will not restart for another 3-5 days, according to the report, as the miner works on tailings and railway infrastructure.

Comment (1)

  1. Eddy Rush says:

    Eddy,

    This is one of the daily steel feeds I get updated on market conditions.
    Article is very upbeat on Steel sales for 2018 and current mill capacity levels .

    Thanks,
    Sam

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