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
US Steel Production Capacity Utilization Dips in Week 52
US Steel ProductionDanieli

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.

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