US weekly raw Steel production declines 1.9%: AISI
WASHINGTON (Scrap Register): United States domestic raw steel production was 1,181,000 net tons in the week ending on May 16, 2020 while the capability utilization rate was 52.7 percent, the American Iron and Steel Institute (AISI) said in its weekly report.
Production was 1,880,000 net tons in the week ending May 16, 2019 while the capability utilization then was 80.8 percent. The current week production represents a 37.2 percent decrease from the same period in the previous year.
Production for the week ending May 16, 2020 is down 1.9 percent from the previous week ending May 9, 2020 when production was 1,204,000 net tons and the rate of capability utilization was 53.7 percent.
Adjusted year-to-date production through May 16, 2020 was 32,040,000 net tons, at a capability utilization rate of 71.2 percent. That is down 13.6 percent from the 37,098,000 net tons during the same period last year, when the capability utilization rate was 81.4 percent. Broken down by districts, here's production for the week ending May 16, 2020 in thousands of net tons: North East: 91; Great Lakes: 399; Midwest: 124; Southern: 507 and Western: 60 for a total of 1181.