US Steel Production Capacity Utilization Climbs Further in Week 23
American Iron & Steel Institute announced that in the week ending on June 12, 2021, domestic raw steel production was 1,834,000 net tons while the capability utilization rate was 82.6%. Production was 1,272,000 net tons in the week ending June 12, 2020 while the capability utilization then was 56.8%. The current week production represents a 44.2% increase from the same period in the previous year. Production for the week ending June 12, 2021 is down 0.3% from the previous week ending June 5, 2021 when production was 1,840,000 net tons and the rate of capability utilization was 82.3%.
Adjusted year-to-date production through June 12, 2021 was 41,380,000 net tons, at a capability utilization rate of 78.5%. That is up 13.2 percent from the 36,564,000 net tons during the same period last year, when the capability utilization rate was 67.8%.
Broken down by districts, here’s production for the week ending June 12, 2021 in thousands of net tons: North East: 143; Great Lakes: 627; Midwest: 196; Southern: 794 and Western: 74 for a total of 1834.