This Week's Raw Steel Production
In the week ending on August 1, 2020, domestic raw steel production was 1,328,000 net tons while the capability utilization rate was 59.3 percent. Production was 1,846,000 net tons in the week ending August 1, 2019 while the capability utilization then was 79.3 percent. The current week production represents a 28.1 percent decrease from the same period in the previous year. Production for the week ending August 1, 2020 is up 0.6 percent from the previous week ending July 25, 2020 when production was 1,320,000 net tons and the rate of capability utilization was 58.9 percent.
Adjusted year-to-date production through August 1, 2020 was 46,102,000 net tons, at a capability utilization rate of 66.2 percent. That is down 19.9 percent from the 57,553,000 net tons during the same period last year, when the capability utilization rate was 80.9 percent.
Broken down by districts, here's production for the week ending August 1, 2020 in thousands of net tons: North East: 134; Great Lakes: 462; Midwest: 145; Southern: 515 and Western: 72 for a total of 1328.
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 Second Quarter 2020 is approximately 29.1 million tons compared to 30.3 million tons for the same period last year and 30.1 million tons for the First Quarter of 2020. +Year-to-date adjusted for consistency with monthly plan.