US Steel Production Capacity Utilization Slip in Week 18
American Iron & Steel Institute announced that in the week ending on May 8 2021 US’s domestic raw steel production was 1,774,000 net tons while the
American Iron & Steel Institute announced that in the week ending on May 8 2021 US’s domestic raw steel production was 1,774,000 net tons while the capability utilization rate was 78.1%. Production was 1,223,000 net tons in the week ending May 8, 2020 while the capability utilization then was 55.4%. The current week production represents a 45.1% increase from the same period in the previous year. Production for the week ending May 8, 2021 is down 0.8% from the previous week ending May 1, 2021 when production was 1,788,000 net tons and the rate of capability utilization was 78.7%.
Adjusted year-to-date production through May 8, 2021 was 32,089,000 net tons, at a capability utilization rate of 77.4 percent. That is up 5.7 percent from the 30,366,000 net tons during the same period last year, when the capability utilization rate was 73.7 percent.
Broken down by districts, here’s production for the week ending May 8, 2021 in thousands of net tons: North East: 150; Great Lakes: 615; Midwest: 180; Southern: 753 and Western: 76 for a total of 1774.