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Steel Production Capacity Utilization in US in Week 26 Improves to 55%

Steel News - Published on Tue, 30 Jun 2020

Image Source: Steel US
AISI announced that in the week ending on June 27, 2020, domestic raw steel production was 1,240,000 net tons while the capability utilization rate was 55.4 percent. Production was 1,863,000 net tons in the week ending June 27, 2019 while the capability utilization then was 80.1 percent. The current week production represents a 33.4 percent decrease from the same period in the previous year. Production for the week ending June 27, 2020 is up 1.3 percent from the previous week ending June 20, 2020 when production was 1,224,000 net tons and the rate of capability utilization was 54.6 percent.

Adjusted year-to-date production through June 27, 2020 was 39,165,000 net tons, at a capability utilization rate of 67.0 percent. That is down 18.9 percent from the 48,313,000 net tons during the same period last year, when the capability utilization rate was 81.2 percent.

Broken down by districts, here's production for the week ending June 27, 2020 in thousands of net tons: North East: 123; Great Lakes: 409; Midwest: 132; Southern: 516 and Western: 60 for a total of 1240.

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Posted By : Yogender Pancholi on Tue, 30 Jun 2020
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