This Week’s Raw Steel Production
In the week ending on January 16, 2021, domestic raw steel production was 1,738,000 net tons while the capability utilization rate was 76.7 percent. Production was 1,906,000 net tons in the week ending January 16, 2020 while the capability utilization then was 82.4 percent. The current week production represents a 8.8 percent decrease from the same period in the previous year. Production for the week ending January 16, 2021 is up 1.7 percent from the previous week ending January 9, 2021 when production was 1,709,000 net tons and the rate of capability utilization was 75.4 percent.
Adjusted year-to-date production through January 16, 2021 was 3,918,000 net tons, at a capability utilization rate of 75.9 percent. That is down 9.7 percent from the 4,337,000 net tons during the same period last year, when the capability utilization rate was 82.4 percent.
Broken down by districts, here’s production for the week ending January 16, 2021 in thousands of net tons: North East: 158; Great Lakes: 621; Midwest: 192; Southern: 695 and Western: 72 for a total of 1738.
The Raw Steel production tonnage provided in this report is estimated. The figures are compiled from weekly production tonnage provided from 50% of the domestic producers combined with monthly production data for the remainder. Therefore, this report should be used primarily to assess production trends. The AISI production report “AIS 7”, published monthly and available by subscription, provides a more detailed summary of steel production based on data supplied by companies representing 75% of U.S. production capacity.
Note: Capability for the First Quarter 2020 is approximately 29.1 million tons compared to 30.1 million tons for the same period last year and 29.1 million tons for the Fourth Quarter of 2020.