US Steel capacity utilization rate reaches 81.1%: AISI
WASHINGTON (Scrap Register): The United States domestic raw steel production was 1,876,000 net tons in the week ending on November 16, 2019, while the capability utilization rate was 81.1 percent, the American Iron and Steel Institute (AISI) said in its weekly report.
Production was 1,903,000 net tons in the week ending November 16, 2018 while the capability utilization then was 81.2 percent. The current week production represents a 1.4 percent decrease from the same period in the previous year. Production for the week ending November 16, 2019 is up 0.8 percent from the previous week ending November 9, 2019 when production was 1,862,000 net tons and the rate of capability utilization was 80.5 percent.
Adjusted year-to-date production through November 16, 2019 was 85,337,000 net tons, at a capability utilization rate of 80.3 percent. That is up 2.3 percent from the 83,387,000 net tons during the same period last year, when the capability utilization rate was 78.1 percent.
Broken down by districts, here's production for the week ending November 16, 2019 in thousands of net tons: North East: 206; Great Lakes: 650; Midwest: 180; Southern: 763 and Western: 77 for a total of 1876.