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US Steel Production Capability Utilization Rate Climbs to 57% in Week 28

Steel News - Published on Wed, 15 Jul 2020

Image Source: US Steel Production Coronavirus COVID19
AISI announced that in the week ending on July 11, 2020, domestic raw steel production was 1,289,000 net tons while the capability utilization rate was 57.5 percent. Production was 1,847,000 net tons in the week ending July 11, 2019 while the capability utilization then was 79.4 percent. The current week production represents a 30.2 percent decrease from the same period in the previous year. Production for the week ending July 11, 2020 is up 1.7 percent from the previous week ending July 4, 2020 when production was 1,268,000 net tons and the rate of capability utilization was 56.6 percent.

Adjusted year-to-date production through July 11, 2020 was 41,927,000 net tons, at a capability utilization rate of 66.6 percent. That is down 19.4 percent from the 52,014,000 net tons during the same period last year, when the capability utilization rate was 80.9 percent.

Broken down by districts, here's production for the week ending July 11, 2020 in thousands of net tons: North East: 141; Great Lakes: 439; Midwest: 125; Southern: 523 and Western: 61 for a total of 1289.'

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Posted By : Yogender Pancholi on Wed, 15 Jul 2020
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