AISI Posted Notable Dip in U.S. Raw Steel Output

SEATTLE (Scrap Monster): The most recent weekly production statistics suggests substantial decline in raw steel production by the country during the week ended on January 9^th, 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 1.709 million net tons. The capability utilization rate during the week was 75.4%. 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 9^th, 2020, the production is down by almost 10.3%.

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The production for the week was up marginally by 3.6% from the prior week, when it had totalled 1.650 million net tons. The capability utilization rate was 74.6% in the week ended January 2^nd, 2021.

The topmost producer was the Southern region, whose output totalled 699,000 net tons. The production by the other regions is as follows: Great Lakes (601,000 net tons), Midwest (184,000 net tons), North East (155,000 net tons) and Western (70,000 net tons).

The adjusted year-to-date production through January 9^th, 2021 totalled 2.180 million net tons at an average capability utilization rate of 75.2%. This is down by almost 10.4%, upon comparison with the production of 2.432 million net tons during the same period a year before, when the capability utilization rate had averaged at 82.4%.