This Week's Raw Steel Production
In the week ending on October 24, 2020, domestic raw steel production was 1,542,000 net tons while the capability utilization rate was 69.7 percent. Production was 1,805,000 net tons in the week ending October 24, 2019 while the capability utilization then was 78.0 percent. The current week production represents a 14.6 percent decrease from the same period in the previous year. Production for the week ending October 24, 2020 is up 0.5 percent from the previous week ending October 17, 2020 when production was 1,535,000 net tons and the rate of capability utilization was 69.4 percent.
Adjusted year-to-date production through October 24, 2020 was 64,023,000 net tons, at a capability utilization rate of 66.4 percent. That is down 19.3 percent from the 79,350,000 net tons during the same period last year, when the capability utilization rate was 80.1 percent.
Broken down by districts, here's production for the week ending October 24, 2020 in thousands of net tons: North East: 135; Great Lakes: 563; Midwest: 171; Southern: 600 and Western: 73 for a total of 1542.
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 Fourth Quarter 2020 is approximately 29.1 million tons compared to 30.4 million tons for the same period last year and 29.4 million tons for the Third Quarter of 2020. Year-to-date adjusted for consistency with monthly data.