US Steel Production Capabilities Utilization Slips in Week35
Steel News - Published on Wed, 02 Sep 2020
American Iron and Steel Institute reported that in the week ending on August 29, 2020, domestic raw steel production was 1,383,000 net tons while the capability utilization rate was 61.7 percent. Production was 1,841,000 net tons in the week ending August 29, 2019 while the capability utilization then was 79.1 percent. The current week production represents a 24.9 percent decrease from the same period in the previous year. Production for the week ending August 29, 2020 is down 2.1 percent from the previous week ending August 22, 2020 when production was 1,412,000 net tons and the rate of capability utilization was 63.0 percent. Adjusted year-to-date production through August 29, 2020 was 51,841,000 net tons, at a capability utilization rate of 66.0 percent. That is down 20.1 percent from the 64,917,000 net tons during the same period last year, when the capability utilization rate was 80.7 percent.
Broken down by districts, here's production for the week ending August 29, 2020 in thousands of net tons: North East: 113; Great Lakes: 478; Midwest: 162; Southern: 556 and Western: 74 for a total of 1383.
Source : Strategic Research Institute, SteelGuru