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The most recent weekly production statistics suggests notable decline in raw steel production by the country during the week ended on February 27th, 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 1.749 million net tons. The capability utilization rate during the week was 77.2%. This compares with the production and capability utilization rate of 1.880 million net tons and 81.3% respectively during the corresponding week a year before. Upon comparison with the week ended February 27th, 2020, the production is down by approximately 7.0%.
The production for the week was up marginally by 0.2% from the prior week, when it had totalled 1.745 million net tons. The capability utilization rate was 77.0% in the week ended February 20, 2021.
The primary producer was the Southern region, whose output totalled 715,000 net tons. The production by the other regions is as follows: Great Lakes (624,000 net tons), Midwest (181,000 net tons), North East (155,000 net tons) and Western (74,000 net tons).
The adjusted year-to-date production through February 27th, 2021 totalled 14.357 million net tons at an average capability utilization rate of 76.5%. This is down by almost 8.4%, upon comparison with the production of 15.674 million net tons during the same period a year before, when the capability utilization rate had averaged at 81.9%.