US Steel Production Capacity Utilization Slips in Week 25
American Iron & Steel Institute announced that in the week ending on June 26, 2021, domestic raw steel production was 1,835,000 net tons while the capability utilization rate was 82.7%. Production was 1,272,000 net tons in the week ending June 26, 2020 while the capability utilization then was 56.8%. The current week production represents a 44.3% increase from the same period in the previous year. Production for the week ending June 26, 2021 is down 0.2% from the previous week ending June 19, 2021 when production was 1,839,000 net tons and the rate of capability utilization was 82.9%.
Adjusted year-to-date production through June 26, 2021 was 45,054,000 net tons, at a capability utilization rate of 78.8%. That is up 15.2% from the 39,109,000 net tons during the same period last year, when the capability utilization rate was 67.8%.
Broken down by districts, here’s production for the week ending June 26, 2021 in thousands of net tons: North East: 136; Great Lakes: 645; Midwest: 196; Southern: 785 and Western: 73 for a total of 1835.