Steel Products Prices North America
December 22, 2020
Raw Steel Production Dips During Holiday Week
Written by David Schollaert
Weekly raw steel production by U.S. mills totaled 1,600,000 net tons in the week ending Dec. 26, down 1.2 percent from the prior week, most likely due to the holiday lull. The mill utilization rate was 72.3 percent, down from 73.2 percent the week before and 78.5 percent in the same week last year.
Adjusted year-to-date production through Dec. 26 totaled 78,739,000 net tons, at an average utilization rate of 67.7 percent. With one week left in 2020, that’s down 17.7 percent from the same period last year, when the utilization rate was 79.8 percent, AISI said.
