US Steel Production in Week 08 up 0.2% WoW
American Iron and Steel Institute announced that in the week ending on 27 February 2021, US domestic raw steel production was 1,749,000 net tons while the capability utilization rate was 77.2%. Production for the week ending February 27, 2021 is up 0.2% from the previous week ending February 20, 2021 when production was 1,745,000 net tons and the rate of capability utilization was 77.0%. Production was 1,880,000 net tons in the week ending 27 February 2020 while the capability utilization then was 81.3%. The current week production represents a 7.0% decrease from the same period in the previous year.
Adjusted year-to-date production through February 27, 2021 was 14,357,000 net tons, at a capability utilization rate of 76.5%. That is down 8.4% from the 15,674,000 net tons during the same period last year, when the capability utilization rate was 81.9%.