U.S. Steel Mill Capacity Utilization Leapfrogs to Hit 85%

SEATTLE (Scrap Monster): The U.S. weekly raw steel output recorded notable increase by 39.0% during the week ending on July 31, 2021, when matched with the comparable week in 2020. This is in accordance with the latest weekly domestic production statistics released by the American Iron and Steel Institute (AISI).

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The U.S. weekly domestic raw steel output totalled 1.876 million net tons (NT). The domestic mill capability utilization rate was 85.0%. It must be noted that the production had totalled only 1.350 million NT at a much lower capacity utilization rate of 60.3% during the corresponding week in 2020. Meantime, the weekly crude steel production increased marginally by 0.4% over the week. The production was 1.868 million NT during the week ended July 24, 2021.

The cumulative adjusted year-to-date U.S. raw steel production totalled 54.555 million NT through the week ending on July 31, 2021. This is up by 19.1% from the production which totalled 45.814 million NT during the same period in 2020. The capability utilization rate too recorded notable jump from 66.7% to 80.0% over the year.

The AISI predicts capability for the third quarter of the current year at approximately 29.0 million tons.