US Steel Production Capacity Utilizaion Improves in Week 45

AISI announced that in the week ending on November 7, 2020, domestic raw steel production was 1,573,000 net tons while the capability utilization rate
US Steel Production Capacity Utilizaion Improves in Week 45

was 71.1 percent. Production was 1,823,000 net tons in the week ending November 7, 2019 while the capability utilization then was 78.8 percent. The current week production represents a 13.7 percent decrease from the same period in the previous year. Production for the week ending November 7, 2020 is up 1.0 percent from the previous week ending October 31, 2020 when production was 1,557,000 net tons and the rate of capability utilization was 70.4 percent.

Adjusted year-to-date production through November 7, 2020 was 67,379,000 net tons, at a capability utilization rate of 66.8 percent. That is down 18.8 percent from the 82,977,000 net tons during the same period last year, when the capability utilization rate was 80.0 percent.

Broken down by districts, here's production for the week ending November 7, 2020 in thousands of net tons: North East: 155; Great Lakes: 544; Midwest: 162; Southern: 639 and Western: 73 for a total of 1573.

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