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Steel Production Capacity Utilization in US Climbs above 60% Mark

Steel News - Published on Tue, 11 Aug 2020

Image Source: Steel Production Capacity Utilization US
AISI announced that in the week ending on August 8, 2020, domestic raw steel production was 1,354,000 net tons while the capability utilization rate was 60.4 percent. Production was 1,841,000 net tons in the week ending August 8, 2019 while the capability utilization then was 79.1 percent. The current week production represents a 26.5 percent decrease from the same period in the previous year. Production for the week ending August 8, 2020 is up 2.0 percent from the previous week ending August 1, 2020 when production was 1,328,000 net tons and the rate of capability utilization was 59.3 percent.

Adjusted year-to-date production through August 8, 2020 was 47,456,000 net tons, at a capability utilization rate of 66.0 percent. That is down 20.1 percent from the 59,394,000 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 8, 2020 in thousands of net tons: North East: 128; Great Lakes: 471; Midwest: 146; Southern: 538 and Western: 71 for a total of 1354.

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Posted By : Yogender Pancholi on Tue, 11 Aug 2020
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