Steel Institute: Raw Steel Output Witnessed Notable Decline
Steel News | 2021-02-09 21:41:31
The topmost producer was the Southern region, whose output totalled 708,000 net tons.
By Paul Ploumis
SEATTLE (Scrap Monster): The most recent weekly production statistics suggests notable decline in raw steel production by the country during the week ended on February 6th, 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 1.705 million net tons. The capability utilization rate during the week was 75.2%. This compares with the production and capability utilization rate of 1.844 million net tons and 81.5% respectively during the corresponding week a year before. Upon comparison with the week ended February 6th, 2020, the production was down by 7.5%.
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The production for the week was down marginally by 1.2% from the prior week, when it had totalled 1.725 million net tons. The capability utilization rate was 76.1% in the week ended January 30th, 2021.
The topmost producer was the Southern region, whose output totalled 708,000 net tons. The production by the other regions is as follows: Great Lakes (599,000 net tons), Midwest (182,000 net tons), North East (147,000 net tons) and Western (69,000 net tons).
The adjusted year-to-date production through February 6th, 2021 totalled 9.065 million net tons at an average capability utilization rate of 75.8%. This is down by almost 9.3%, upon comparison with the production of 9.993 million net tons during the same period a year before, when the capability utilization rate had averaged at 82.2%.
