US Steel Capacity Utilization Crosses 75% Mark in Week 01

American Iron & Steel Institute announced that in the week ending on January 9, 2021, domestic raw steel production was 1,709,000 net tons while the
US Steel Capacity Utilization Crosses 75% Mark in Week 01
US Steel ProductionAlabama Political Reporter

American Iron & Steel Institute announced that in the week ending on January 9, 2021, domestic raw steel production was 1,709,000 net tons while the capability utilization rate was 75.4%. Production was 1,906,000 net tons in the week ending January 9, 2020 while the capability utilization then was 82.4 percent. The current week production represents a 10.3% decrease from the same period in the previous year. Production for the week ending January 9, 2021 is up 3.6% from the previous week ending January 2, 2021 when production was 1,650,000 net tons and the rate of capability utilization was 74.6%.

Adjusted year to date production through January 9, 2021 was 2,180,000 net tons, at a capability utilization rate of 75.2%. That is down 10.4% from the 2,432,000 net tons during the same period last year, when the capability utilization rate was 82.4%

Broken down by districts, here’s production for the week ending January 9, 2021 in thousands of net tons: North East: 155; Great Lakes: 601; Midwest: 184; Southern: 699 and Western: 70 for a total of 1709.

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