US Steel Production Capacity Utilization Climbs above 80 Mark
The American Iron and Steel Institute reported that in the week ending on May 29, 2021, domestic raw steel production was 1,836,000 net tons while the
The American Iron and Steel Institute reported that in the week ending on May 29, 2021, domestic raw steel production was 1,836,000 net tons while the capability utilization rate was 81.5 percent. Production was 1,223,000 net tons in the week ending May 29, 2020 while the capability utilization then was 54.6 percent. The current week production represents a 50.1 percent increase from the same period in the previous year. Production for the week ending May 29, 2021 is up 2.4 percent from the previous week ending May 22, 2021 when production was 1,793,000 net tons and the rate of capability utilization was 79.0 percent.
Adjusted year-to-date production through May 29, 2021 was 35,913,000 net tons, at a capability utilization rate of 78.1 percent. That is up 9.5 percent from the 32,811,000 net tons during the same period last year, when the capability utilization rate was 69.9 percent.
Broken down by districts, here’s production for the week ending May 29, 2021 in thousands of net tons: North East: 147; Great Lakes: 635; Midwest: 187; Southern: 793 and Western: 74 for a total of 1836.