Prices
November 24, 2020
Weekly Steel Production Sees Another Small Gain
Written by David Schollaert
Weekly raw steel production by U.S. mills totaled 1,582,000 net tons in the week ending Nov. 21. The operating rate was a fraction higher than the prior week at 71.5 percent. Despite the steady increase in production through much of 2020, the latest week’s output remains 13.2 percent behind the same week last year when the operating rate was 78.8 percent, reported the American Iron and Steel Institute.
Adjusted year-to-date production through Nov. 21 totaled 70,541,000 net tons, at an average utilization rate of 67.0 percent. That is down 18.8 percent from the same period last year, when the utilization rate was 80.0 percent, AISI said.
