Steel Products Prices North America

Weekly Steel Production Down 1.2 Percent

Written by David Schollaert

Weekly raw steel production by U.S. mills totaled 1,705,000 net tons in the week ending Feb. 6, 2021, a decrease of 1.2 percent compared with the week prior when production was 1,725,000 net tons. Raw steel production in the early going of 2021 has fluctuated week on week. The average mill utilization rate dipped to 75.2 percent, compared with 76.1 percent the week before, and was down 7.5 percent year on year.

Adjusted year-to-date production through Feb. 6 was 9,065,000 net tons, at an average utilization rate of 75.8 percent. That’s down 9.3 percent from the same period last year then the utilization rate was 82.2 percent and production was 9,993,000 net tons, AISI said.

Following is production by district for the Feb. 6 week: North East, 147,000 net tons; Great Lakes, 599,000 net tons; Midwest, 182,000 net tons; South, 708,000 net tons; and West, 69,000 net tons, for a total of 1,705,000. Production was down across all regionS week on week.

Note: The raw steel production tonnage provided in this report is estimated. The figures are compiled from weekly production tonnage provided from 50% of the domestic producers combined with monthly production data for the remainder. Therefore, this report should be used primarily to assess production trends. The monthly AISI production report “AIS 7” provides a more detailed summary of steel production based on data supplied by companies representing 75% of U.S. production capacity. Capability for first-quarter 2021 is approximately 29.1 million tons compared to 30.1 million tons for the same period last year and 29.1 million tons for fourth-quarter 2020.

David Schollaert

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