US Steel Capacity Utilization Inches up to 85% Mark in Week 29
American Iron and Steel Institute announced that n the week ending on July 24, 2021, domestic raw steel production was 1,868,000 net tons while the capability utilization rate was 84.6 percent. Production was 1,350,000 net tons in the week ending July 24, 2020 while the capability utilization then was 60.3 percent. The current week production represents a 38.4 percent increase from the same period in the previous year. Production for the week ending July 24, 2021 is up 0.5 percent from the previous week ending July 17, 2021 when production was 1,859,000 net tons and the rate of capability utilization was 84.1 percent.
Adjusted year-to-date production through July 24, 2021 was 52,655,000 net tons, at a capability utilization rate of 79.8 percent. That is up 18.4 percent from the 44,464,000 net tons during the same period last year, when the capability utilization rate was 66.7 percent.
Broken down by districts, here’s production for the week ending July 24, 2021 in thousands of net tons: North East: 149; Great Lakes: 642; Midwest: 200; Southern: 802 and Western: 75 for a total of 1868.