US steel production capacity utilization stays at 84.9%

American Iron & Steel Institute announced that in the week ending on August 28, 2021, US domestic raw steel production was 1,873,000 net tons while the capability utilization rate was 84.9%.

Production was 1,476,000 net tons in the week ending August 28, 2020 while the capability utilization then was 65.9 percent. The current week production represents a 26.9 percent increase from the same period in the previous year.

Production for the week ending August 28, 2021 is down 0.2 percent from the previous week ending August 21, 2021 when production was 1,877,000 net tons and the rate of capability utilization was 85.0 percent.

Adjusted year-to-date production through August 28, 2021 was 62,046,000 net tons, at a capability utilization rate of 80.5 percent. That is up 20.0 percent from the 51,719,000 net tons during the same period last year, when the capability utilization rate was 66.6 percent.

Broken down by regions, here’s production for the week ending August 28, 2021 in thousands of net tons: North East: 152; Great Lakes: 638; Midwest: 198; Southern: 811 and Western: 74 for a total of 1873.