Posted on 24 Feb 2021
The most recent weekly production statistics suggests substantial decline in raw steel production by the country during the week ended on February 20th, 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 1.745 million net tons. The capability utilization rate during the week was 77.0%. This compares with the production and capability utilization rate of 1.880 million net tons and 81.3% respectively during the corresponding week a year before. Upon comparison with the week ended February 20th, 2020, the production was down by 7.2%.
The production for the week was up slightly by 0.1% from the prior week, when it had totalled 1.743 million net tons. The capability utilization rate was 76.9% in the week ended February 13th, 2021.
The topmost producer was the Southern region, whose output totalled 700,000 net tons. The production by the other regions is as follows: Great Lakes (637,000 net tons), Midwest (183,000 net tons), North East (153,000 net tons) and Western (72,000 net tons).
The adjusted year-to-date production through February 20th, 2021 totalled 12.553 million net tons at an average capability utilization rate of 76.1%. This is down by almost 8.5%, upon comparison with the production of 13.717 million net tons during the same period a year before, when the capability utilization rate had averaged at 81.9%.
Source:Scrap Monster
