US Steel Production Capacity Utilization Climbs to 84% in Week 28
American Iron & Steel Institute announced that in the week ending on July 17, 2021, US’s domestic raw steel production was 1,859,000 net tons while the capability utilization rate was 84.1%. Production was 1,350,000 net tons in the week ending July 17, 2020 while the capability utilization then was 60.3%. The current week production represents a 37.7% increase from the same period in the previous year. Production for the week ending July 17, 2021 is up 0.4% from the previous week ending July 10, 2021 when production was 1,852,000 net tons and the rate of capability utilization was 83.6%.
Broken down by districts, here’s production for the week ending July 17, 2021 in thousands of net tons
North East: 146
Great Lakes: 632
Adjusted year-to-date production through July 17, 2021 was 50,787,000 net tons, at a capability utilization rate of 79.6 percent. That is up 17.8% from the 43,114,000 net tons during the same period last year, when the capability utilization rate was 66.7%.