American Iron & Steel Institute announced that in the week ending on January 2, 2021, US domestic raw steel production was 1,650,000 net tons while the capability utilization rate was 74.6%. Production was 1,841,000 net tons in the week ending January 2, 2020 while the capability utilization then was 80.1%. The current week production represents a 10.4 percent decrease from the same period in the previous year. Production for the week ending January 2, 2021 is up 3.1 percent from the previous week ending December 26, 2020 when production was 1,600,000 net tons and the rate of capability utilization was 72.3%.
Adjusted year-to-date production through January 2, 2021 was 1,650,000 net tons, at a capability utilization rate of 74.6%. That is down 10.4 percent from the 1,841,000 net tons during the same period last year, when the capability utilization rate was 80.1%.
Broken down by districts, here’s production for the week ending January 2, 2021 in thousands of net tons: North East: 159; Great Lakes: 591; Midwest: 182; Southern: 643 and Western: 75 for a total of 1650.