Metal producers slower in May vs. April; fabricators flat

Jun 17, 2013 | 10:00 AM | Corinna Petry

Tags  metals producers, metal fabricators, industrial production, capacity utilization, mining, Erik Johnson, IHS Global Insight, sequester Federal Reserve Board

CHICAGO — Primary metals producers saw both capacity utilization and output fall in May, while fabricators’ activity remained flat compared with April.

Producers’ capacity utilization stood at 72.6 percent, down 0.7 points from April’s 73.3 percent to the lowest level in the past six months, according to Federal Reserve Board data. Metal fabricators’ capacity utilization of 84.7 percent was unchanged from April but trailed the six-month high of 85.6 percent in....

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