US Steel Production Capacity Utiliztion in Week 21 Improves WoW
American Institute of Iron & Steel announced that in the week ending on May 23, 2020, domestic raw steel production was 1,191,000 net tons while the capability utilization rate was 53.2 percent. Production was 1,880,000 net tons in the week ending May 23, 2019 while the capability utilization then was 80.8 percent. The current week production represents a 36.6 percent decrease from the same period in the previous year. Production for the week ending May 23, 2020 is up 0.8 percent from the previous week ending May 16, 2020 when production was 1,181,000 net tons and the rate of capability utilization was 52.7 percent.
Adjusted year-to-date production through May 23, 2020 was 33,231,000 net tons, at a capability utilization rate of 70.3 percent. That is down 14.7 percent from the 38,978,000 net tons during the same period last year, when the capability utilization rate was 81.4 percent.
Broken down by districts, here's production for the week ending May 23, 2020 in thousands of net tons: North East: 93; Great Lakes: 395; Midwest: 127; Southern: 517 and Western: 59 for a total of 1191.
Source : Strategic Research Institute