U.S. Steel Mill Utilization Rate Surged to Hit 78%

SEATTLE (Scrap Monster): The U.S. weekly raw steel output recorded notable increase by 15.7% during the week ending on April 17, 2021, when matched with the corresponding  week in 2020. This is in accordance with the latest weekly domestic production statistics released by the American Iron and Steel Institute (AISI).

The U.S. weekly domestic raw steel output totalled 1.770 million net tons (NT). The domestic mill capability utilization rate was 78.0%. It must be noted that the production had totalled only 1.240 million NT at a much lower capacity utilization rate of 55.4% during the corresponding week in 2020. Meantime, the weekly crude steel production increased marginally by 0.5% over the week. The production was 1.761 million NT during the week ended April 10, 2021.

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The cumulative adjusted year-to-date U.S. raw steel production totalled 26.703 million NT through the week ending on April 17, 2021. This is marginally higher by 0.1% from the production which totalled 26.665 million NT during the same period in 2020. The capability utilization rate recorded notable jump from 73.7% to 77.1% over the year.

The leading producer was the Southern region, with an output of 747,000 net tons. The production by Great Lakes region stood at 603,000 net tons during the week. The production by other regions (in thousand net tons) is as follows: North East-164, Midwest-183 and Western-73.