Posted on 21 Jan 2021
The most recent weekly production statistics suggests notable decline in raw steel production by the country during the week ended on January 16th, 2021. The data published by the American Iron and Steel Institute (AISI) points to significant year-on-year decline in output during the week.
The domestic raw steel production during the week totalled 1.738 million net tons. The capability utilization rate during the week was 76.7%. This compares with the production and capability utilization rate of 1.906 million net tons and 82.4% respectively during the corresponding week a year before. Upon comparison with the week ended January 16th, 2020, the production is down by approximately 8.8%.
The production for the week was up marginally by 1.7% from the prior week, when it had totalled 1.709 million net tons. The capability utilization rate was 75.4% in the week ended January 9, 2021.
The primary producer was the Southern region, whose output totalled 695,000 net tons. The production by the other regions is as follows: Great Lakes (621,000 net tons), Midwest (192,000 net tons), North East (158,000 net tons) and Western (72,000 net tons).
The adjusted year-to-date production through January 16th, 2021 totalled 3.918 million net tons at an average capability utilization rate of 75.9%. This is down by almost 9.70%, upon comparison with the production of 4.337 million net tons during the same period a year before, when the capability utilization rate had averaged at 82.4%.
Source:Scrap Monster
