Weekly Raw Steel Production - November 28, 2020
In the week ending on November 28, 2020, domestic raw steel production was 1,561,000 net tons while the capability utilization rate was 70.6 percent. Production was 1,823,000 net tons in the week ending November 28, 2019 while the capability utilization then was 78.8 percent. The current week production represents a 14.4 percent decrease from the same period in the previous year. Production for the week ending November 28, 2020 is down 1.3 percent from the previous week ending November 21, 2020 when production was 1,582,000 net tons and the rate of capability utilization was 71.5 percent.
Adjusted year-to-date production through November 28, 2020 was 72,186,000 net tons, at a capability utilization rate of 67.2 percent. That is down 18.4 percent from the 88,446,000 net tons during the same period last year, when the capability utilization rate was 80.0 percent.
Broken down by districts, here''s production for the week ending November 28, 2020 in thousands of net tons: North East: 129; Great Lakes: 549; Midwest: 162; Southern: 655 and Western: 66 for a total of 1561.
The Raw Steel production tonnage provided in this report is estimated. The figures are compiled from weekly production tonnage provided from 50% 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% of U.S. production capacity.
Note: Capability for the Fourth Quarter 2020 is approximately 29.1 million tons compared to 30.4 million tons for the same period last year and 29.4 million tons for the Third Quarter of 2020. +Year-to-date adjusted for consistency with monthly data.