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    October 6, 2020

    U.S. Steel Production Inches Up Again

    Written by David Schollaert

    Raw steel production by U.S. mills increased 0.3 percent in the week ending Oct. 3 to 1,484,000 net tons, another small sign of rising steel demand. The operating rate of 66.6 percent was up from 66.1 percent the week prior. Although domestic production has seen steady gains since April, last week’s output was still 17.7 percent below the same week last year, reported the American Iron and Steel Institute.

    Adjusted year-to-date production through Oct. 3 totaled 59,444,000 net tons at an average utilization rate of 66.2 percent. That is down 19.6 percent from the same period last year when the utilization rate was 80.3 percent, AISI said.

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

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