Steel Products Prices North America
December 1, 2020
Weekly Raw Steel Production Down Slightly
Written by David Schollaert
Weekly raw steel production by U.S. mills totaled 1,561,000 net tons in the week ending Nov. 28, while the average operating rate was 70.6 percent. Production declined by 1.3 percent from the week prior, likely due to the holiday break. Present capacity utilization represents a 14.4 percent decrease from the same period last year when the operating rate was 78.8 percent, reported the American Iron and Steel Institute.
Adjusted year-to-date production through Nov. 28 totaled 72,186,000 net tons, at an average utilization rate of 67.2 percent. That is down 18.4 percent from the same period last year when the utilization rate was 80.0 percent, AISI said.
