US Steel Production Capacity Utilization Climbs to 79% in Week19
The American Iron and Steel Institute reported that in the week ending on May 15, 2021, domestic raw steel production was 1,799,000 net tons while the capability utilization rate was 79.2%. Production was 1,223,000 net tons in the week ending May 15, 2020 while the capability utilization then was 54.6%. The current week production represents a 47.1% increase from the same period in the previous year. Production for the week ending May 15, 2021 is up 1.4% from the previous week ending May 8, 2021 when production was 1,774,000 net tons and the rate of capability utilization was 78.1%.
Adjusted year-to-date production through May 15, 2021 was 33,888,000 net tons, at a capability utilization rate of 77.5%. That is up 7.3% from the 31,588,000 net tons during the same period last year, when the capability utilization rate was 69.9%.
Broken down by districts, here’s production for the week ending May 15, 2021 in thousands of net tons: North East: 151; Great Lakes: 616; Midwest: 187; Southern: 767 and Western: 78 for a total of 1799.