• Skip to main content

    Prices

    November 10, 2020

    Weekly Steel Production Still Climbing

    Written by David Schollaert

    Weekly raw steel production by U.S. mills continues to climb, a trend that started back in May. In the week ending Nov. 7, raw steel production totaled 1,573,000 net tons. The capacity utilization rate rose to 71.1 percent, up from 70.0 percent the week prior. Despite the steady rise in output, the current week’s production represents a 13.7 percent decrease from the same period last year, reported the American Iron and Steel Institute.

    Adjusted year-to-date production through Nov. 7 totaled 67,379,000 net tons, at an average utilization rate of 66.8 percent. That is down 18.8 percent from the same period last year, when the utilization rate was 80.0 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.

    Read more from David Schollaert

    Latest in Prices