Steel Trade Body Posted Substantial Dip in U.S. Raw Steel Output

The production for the week was down marginally by 1.2% from the prior week, when it had totalled 1.738 million net tons.

SEATTLE (Scrap Monster): The most recent weekly production statistics suggests notable decline in raw steel production by the country during the week ended on January 23^rd, 2021. The data published by the American Iron and Steel Institute (AISI) points to significant year-on-year decline in output during the week.

The domestic raw steel production during the week totalled 1.717 million net tons. The capability utilization rate during the week was 75.7%. This compares with the production and capability utilization rate of 1.906 million net tons and 82.4% respectively during the corresponding week a year before. Upon comparison with the week ended January 23^rd, 2020, the production was down by 9.9%.

AISI Posted 12% Dip in U.S. Steel Shipments

The production for the week was down marginally by 1.2% from the prior week, when it had totalled 1.738 million net tons. The capability utilization rate was 76.7% in the week ended January 16, 2021.

The topmost producer was the Southern region, whose output totalled 692,000 net tons. The production by the other regions is as follows: Great Lakes (614,000 net tons), Midwest (189,000 net tons), North East (153,000 net tons) and Western (69,000 net tons).

The adjusted year-to-date production through January 23^rd, 2021 totalled 5.635 million net tons at an average capability utilization rate of 75.8%. This is down by almost 9.7%, upon comparison with the production of 6.243 million net tons during the same period a year before, when the capability utilization rate had averaged at 82.4%.