US Steel Production Capacity Utilization Dips in Week 52
American Iron & Steel Institute announced that in the week ending on December 26, 2020, US’s domestic raw steel production was 1,600,000 net
American Iron & Steel Institute announced that in the week ending on December 26, 2020, US’s domestic raw steel production was 1,600,000 net tons while the capability utilization rate was 72.3%. Production was 1,815,000 net tons in the week ending December 26, 2019 while the capability utilization then was 78.5%. The current week production represents 11.8% decrease from the same period in the previous year. Production for the week ending December 26, 2020 is down 1.2% from the previous week ending December 19, 2020 when production was 1,619,000 net tons and the rate of capability utilization was 73.2%.
Adjusted year to date production through December 26, 2020 was 78,739,000 net tons, at a capability utilization rate of 67.7%. That is down 17.7 percent from the 95,709,000 net tons during the same period last year, when the capability utilization rate was 79.8%.
Broken down by districts, here’s production for the week ending December 26, 2020 in thousands of net tons: North East: 138; Great Lakes: 576; Midwest: 170; Southern: 646 and Western: 70 for a total of 1600.