Steel Products Prices North America
December 15, 2020
Weekly Raw Steel Production Dips Slightly
Written by David Schollaert
Weekly raw steel production by U.S. mills totaled 1,567,000 net tons in the week ending Dec. 12, down slightly from 1,579,000 week on week. The operating rate was 70.9 percent, down 0.8 percent from 71.4 percent the week prior, based on the American iron and Steel Institute’s calculations, which include idled capacity. Actually, despite the marginal slip in raw steel production, most flat rolled mills are running full out as demand challenges the tight supplies. Present capacity utilization is down 13.7 percent compared with year-ago levels.
Adjusted year-to-date production through Dec. 12, 2020, totaled 75,332,000 net tons, at an average mill utilization rate of 67.3 percent. That is down 18.2 percent from the same period last year, when the utilization rate was 79.8 percent, AISI said.
