US Steel Production in Week 11 Dips to 77.3%
American Iron and Steel Institute announced that in the week ending on March 20, 2021, US’s domestic raw steel production was 1,753,000 net tons while the capability utilization rate was 77.3%. Production was 1,741,000 net tons in the week ending March 20, 2020 while the capability utilization then was 75.3 percent. The current week production represents a 0.7 percent increase from the same period in the previous year. Production for the week ending March 20, 2021 is down 0.5% from the previous week ending March 13, 2021 when production was 1,761,000 net tons and the rate of capability utilization was 77.7%
Adjusted year-to-date production through March 20, 2021 was 19,626,000 net tons, at a capability utilization rate of 76.8%. That is down 6.2% from the 20,917,000 net tons during the same period last year, when the capability utilization rate was 79.6%.
Broken down by districts, here’s production for the week ending March 20, 2021 in thousands of net tons: North East: 164; Great Lakes: 620; Midwest: 184; Southern: 724 and Western: 61 for a total of 1753.