U.S. Raw Steel Output Plummeted 13%

SEATTLE (Scrap Monster): The most recent weekly production statistics suggests substantial decline in raw steel production by the country during the week ended on December 5^th, 2020. The data published by the American Iron and Steel Institute (AISI) points to significant year-on-year decline in output during the week.

The domestic raw steel production during the week totalled 1.579 million net tons. The capability utilization rate during the week was 71.4%. This compares with the production and capability utilization rate of 1.818 million net tons and 78.6% respectively during the corresponding week a year before. Upon comparison with the week ended December 5^th, 2019, the production is down by almost 13.1%.

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U.S. Steel Capacity Utilization Slumped to 70.6%

The production for the week was up marginally by 1.2% from the prior week, when it had totalled 1.561 million net tons. The capability utilization rate was 70.6% in the week ended November 28, 2020.

The topmost producer was the Southern region, whose output totalled 641,000 net tons. The production by the other regions is as follows: Great Lakes (555,000 net tons), Midwest (169,000 net tons), North East (144,000 net tons) and Western (70,000 net tons).

The adjusted year-to-date production through December 5^th, 2020 totalled 73.765 million net tons at an average capability utilization rate of 67.2%. This is down by almost 18.3%, upon comparison with the production of 90.264 million net tons during the same period a year before, when the capability utilization rate had averaged at 80.0%.