US Steel Capacity Utilization Dips in Week 14
American Iron & Steel Institute announced that in the week ending on April 10, 2021, domestic raw steel production was 1,761,000 net tons while the capability utilization rate was 77.6%. Production was 1,240,000 net tons in the week ending April 10, 2020 while the capability utilization then was 55.4. The current week production represents a 42.0% increase from the same period in the previous year. Production for the week ending April 10, 2021 is down 0.3% from the previous week ending April 3, 2021 when production was 1,766,000 net tons and the rate of capability utilization was 77.9%.
Adjusted year-to-date production through April 10, 2021 was 24,933,000 net tons, at a capability utilization rate of 77.0%. That is down from the 25,425,000 net tons during the same period last year, when the capability utilization rate was 73.7%.
Broken down by districts, here’s production for the week ending April 10, 2021 in thousands of net tons: North East: 154; Great Lakes: 623; Midwest: 175; Southern: 740 and Western: 69 for a total of 1761.