METAL MINER: U.S. steel industry’s capacity utilization rate hits 82.3%

The U.S. steel sector reached a capacity utilization rate of 82.3% for the year through Jan. 18, according to the American Iron and Steel Institute (AISI). Production for the year to date reached 4.94 million tons, up 2.6% from production during the same period last year (when capacity utilization rate reached 80.4%). Meanwhile, for the week ending Jan. 18, 2020, domestic raw steel production was 1.93 million net tons at a capacity utilization rate of 82.7%. The weekly production total marked a 3.0% increase from the week ending Jan. 18, 2019, when production reached 1.87 million tons at a capacity utilization rate of 80.4%...FULL STORY