US Steel mills' capacity utilization rate reaches 82.7%: AISI
WASHINGTON (Scrap Register): The United States domestic raw steel production was 1,928,000 net tons in the week ending on January 18, 2020 while the capability utilization rate was 82.7 percent, the American Iron and Steel Institute (AISI) said in its weekly report.
Production was 1,871,000 net tons in the week ending January 18, 2019 while the capability utilization then was 80.4 percent. The current week production represents a 3.0 percent increase from the same period in the previous year.
Production for the week ending January 18, 2020 is up 0.3 percent from the previous week ending January 11, 2020 when production was 1,923,000 net tons and the rate of capability utilization was 82.5 percent.
Adjusted year-to-date production through January 18, 2020 was 4,936,000 net tons, at a capability utilization rate of 82.3 percent. That is up 2.6 percent from the 4,812,000 net tons during the same period last year, when the capability utilization rate was 80.4 percent.
Broken down by districts, here's production for the week ending January 18, 2020 in thousands of net tons: North East: 216; Great Lakes: 686; Midwest: 208; Southern: 730 and Western: 88 for a total of 1928.