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US Steel Production Capacity Utilization Slips Below 65% in Week 39

Steel News - Published on Thu, 24 Sep 2020

Image Source: US Steel Production Capacity Utilization
American Iron & Steel Association announced that in the week ending on September 19, 2020, domestic raw steel production was 1,446,000 net tons while the capability utilization rate was 64.5 percent. Production was 1,801,000 net tons in the week ending September 19, 2019 while the capability utilization then was 77.4 percent. The current week production represents a 19.7 percent decrease from the same period in the previous year. Production for the week ending September 19, 2020 is down 0.9 percent from the previous week ending September 12, 2020 when production was 1,459,000 net tons and the rate of capability utilization was 65.1 percent.

Adjusted year-to-date production through September 19, 2020 was 56,174,000 net tons, at a capability utilization rate of 65.8 percent. That is down 20.1 percent from the 70,332,000 net tons during the same period last year, when the capability utilization rate was 80.3 percent.

Broken down by districts, here's production for the week ending September 19, 2020 in thousands of net tons: North East: 135; Great Lakes: 527; Midwest: 169; Southern: 553 and Western: 62 for a total of 1446.

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Posted By : Yogender Pancholi on Thu, 24 Sep 2020
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