U.S. Raw Steel Production Hit 1.62 Million Net Tons

SEATTLE (Scrap Monster): The most recent weekly production statistics suggests notable decline in raw steel production by the country during the week ended on December 19^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 1.619 million net tons. The capability utilization rate during the week was 73.2%. This compares with the production and capability utilization rate of 1.815 million net tons and 78.5% respectively during the corresponding week a year before. Upon comparison with the week ended December 19^th, 2019, the production is down by almost 10.8%.

The production for the week was up marginally by 3.3% from the prior week, when it had totalled 1.567 million net tons. The capability utilization rate was 70.9% in the week ended December 12, 2020.

The primary producer was the Southern region, whose output totalled 650,000 net tons. The production by the other regions is as follows: Great Lakes (581,000 net tons), Midwest (172,000 net tons), North East (141,000 net tons) and Western (75,000 net tons).

The adjusted year-to-date production through December 19^th, 2020 totalled 76.951 million net tons at an average capability utilization rate of 67.4%. This is down by almost 18.0%, upon comparison with the production of 93.894 million net tons during the same period a year before, when the capability utilization rate had averaged at 79.8%.

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