US Steel Production Capacity Utilization Climbs Further in Week 17
American Iron & Steel Institute announced that in the week ending on May 1, 2021, US’s raw steel production was 1,788,000 net tons while the capability
American Iron & Steel Institute announced that in the week ending on May 1, 2021, US’s raw steel production was 1,788,000 net tons while the capability utilization rate was 78.7%. Production was 1,238,000 net tons in the week ending May 1, 2020 while the capability utilization then was 55.2%. The current week production represents a 44.4% increase from the same period in the previous year. Production for the week ending May 1, 2021 is up 0.4% from the previous week ending April 24, 2021 when production was 1,781,000 net tons and the rate of capability utilization was 78.4%.
Adjusted year-to-date production through May 1, 2021 was 30,315,000 net tons, at a capability utilization rate of 77.4 percent. That is up 4.0 percent from the 29,143,000 net tons during the same period last year, when the capability utilization rate was 73.6 percent.
Broken down by districts, here’s production for the week ending May 1, 2021 in thousands of net tons: North East: 160; Great Lakes: 616; Midwest: 185; Southern: 756 and Western: 71 for a total of 1788.