Posted on 10 Mar 2021
The most recent weekly production statistics suggests marginal decline in raw steel production by the country during the week ended on March 6th, 2021. The data published by the American Iron and Steel Institute (AISI) points to modest year-on-year decline in output during the week.
The domestic raw steel production during the week totalled 1.755 million net tons. The capability utilization rate during the week was 77.4%. This compares with the production and capability utilization rate of 1.761 million net tons and 76.2% respectively during the corresponding week a year before. Upon comparison with the week ended March 6th, 2020, the production was down marginally by 0.3%.
The production for the week edged higher marginally by 0.3% from the prior week, when it had totalled only 1.749 million net tons. The capability utilization rate was 77.2% in the week ended February 27th, 2021.
The Southern region emerged as the topmost producer, with an output of 740,000 net tons. The production by the other regions is as follows: Great Lakes (609,000 net tons), Midwest (179,000 net tons), North East (157,000 net tons) and Western (70,000 net tons).
The adjusted year-to-date production through March 6th, 2021 totalled 16.112 million net tons at an average capability utilization rate of 76.6%. This is down by almost 7.6%, upon comparison with the production of 17.435 million net tons during the same period a year before, when the capability utilization rate had averaged at 81.5%.
Source:Scrap Monster
