Steel Products Prices North America
November 29, 2021
U.S. Steel Production Up 20% So Far This Year
Written by Tim Triplett
With almost 11 months in the record books, domestic raw steel production is up nearly 20% versus last year when the market was dogged by various pandemic disruptions.
Adjusted year-to-date production through Nov. 27 totaled 86,274,000 net tons – up 19.7% from the 72,053,000 net tons during the same period in 2020. The average mill utilization rate jumped by nearly 14 percentage points over the same period, from 67.7% to 81.6%, reported the American Iron and Steel Institute (AISI).
