US Steel Production Capacity Utilization in Week 48 Stays at 70%
American Iron & Steel Institue announced that in the week ending on November 28, 2020, domestic raw steel production was 1,561,000 net tons while the capability utilization rate was 70.6 percent. Production was 1,823,000 net tons in the week ending November 28, 2019 while the capability utilization then was 78.8 percent. The current week production represents a 14.4 percent decrease from the same period in the previous year. Production for the week ending November 28, 2020 is down 1.3 percent from the previous week ending November 21, 2020 when production was 1,582,000 net tons and the rate of capability utilization was 71.5 percent.
Adjusted year-to-date production through November 28, 2020 was 72,186,000 net tons, at a capability utilization rate of 67.2 percent. That is down 18.4 percent from the 88,446,000 net tons during the same period last year, when the capability utilization rate was 80.0 percent.
Broken down by districts, here's production for the week ending November 28, 2020 in thousands of net tons: North East: 129; Great Lakes: 549; Midwest: 162; Southern: 655 and Western: 66 for a total of 1561.