In the week ending on November 7, 2020, domestic raw steel production was 1,573,000 net tons while the capability utilization rate was 71.1 percent. Production was 1,823,000 net tons in the week ending November 7, 2019 while the capability utilization then was 78.8 percent.
The current week production represents a 13.7 percent decrease from the same period in the previous year. Production for the week ending November 7, 2020 is up 1.0 percent from the previous week ending October 31, 2020 when production was 1,557,000 net tons and the rate of capability utilization was 70.4 percent.
Adjusted year-to-date production through November 7, 2020 was 67,379,000 net tons, at a capability utilization rate of 66.8 percent. That is down 18.8 percent from the 82,977,000 net tons during the same period last year, when the capability utilization rate was 80.0 percent.
Broken down by districts, the production for the week ending November 7, 2020 in thousands of net tons were: North East: 155; Great Lakes: 544; Midwest: 162; Southern: 639 and Western: 73 for a total of 1573.
The Raw Steel production tonnage provided is estimated. The figures are compiled from weekly production tonnage provided from 50 percent of the domestic producers combined with monthly production data for the remainder. Therefore, this report should be used primarily to assess production trends. The AISI production report “AIS 7”, published monthly and available by subscription, provides a more detailed summary of steel production based on data supplied by companies representing 75 percent of U.S. production capacity.
Published in the December 2020 Edition