Steel production in the US has dropped significantly

The most recent weekly production statistics show a significant reduction in crude steel production in the country for the week ending December 12, 2020. Data released by the American Iron and Steel Institute (AISI) indicate a significant decline in production on an annualized basis. in a week.

Domestic production of rough steel last week was 1.567 million net tonnes. The production capacity utilization rate for the week was 70.9%. For comparison, the level of production and utilization of production facilities amounted to 1.815 million net tons and 78.5% respectively during the corresponding week a year earlier. Compared to the week ending December 12, 2019, production fell nearly 13.7%.

Weekly production declined slightly by 0.8% compared to the previous week, when it amounted to 1.579 million net tons. Capacity utilization was 71.4% for the week ended December 5, 2020.

The largest producer was the South Region, with production of 628,000 net tonnes. Production in other regions is as follows: Great Lakes (558,000 net tonnes), Midwest (165,000 net tonnes), Northeast (144,000 net tonnes) and West (72,000 net tonnes).

Adjusted production from the beginning of the year to 12 December 2020 amounted to 75.332 million net tonnes with an average capacity utilization rate of 67.3%. This is down by almost 18.2% compared to production of 92.079 million net tonnes in the same period a year earlier, when capacity utilization averaged 79.8%.

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