US Steel Production Capacity Utilization Improves in Week 07
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US Steel Production Capacity Utilization Improves in Week 07

The American Iron and Steel Institute reported that for the week ending on February 13, 2021, domestic raw steel production was 1,743,000 net tons

The American Iron and Steel Institute reported that for the week ending on February 13, 2021, domestic raw steel production was 1,743,000 net tons while the capability utilization rate was 76.9%. Production was 1,844,000 net tons in the week ending February 13, 2020 while the capability utilization then was 81.5%. The last week production represents a 5.5% decrease from the same period in the previous year. Production for the week ending February 13, 2021 is up 2.2% from the previous week ending February 6, 2021 when production was 1,705,000 net tons and the rate of capability utilization was 75.2%.

Adjusted year-to-date production through February 13, 2021 was 10,808,000 net tons, at a capability utilization rate of 75.9%. That is down 8.7% from the 11,837,000 net tons during the same period last year, when the capability utilization rate was 82.2%.

Broken down by districts, here’s production for the week ending February 13, 2021 in thousands of net tons: North East: 155; Great Lakes: 599; Midwest: 189; Southern: 725 and Western: 75 for a total of 1743.

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