US raw steel production drops 2.1 percent week-on-week

US raw steel production drops 2.1 percent week-on-week

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According to the American Iron and Steel Institute (AISI), in the week ending on April 25, 2020, US domestic raw steel production was 1,250,000 net tons while the capability utilization rate was 55.8 percent.

Production for the week ending April 25, 2020 is down 2.1 percent from the previous week ending April 18, 2020 when production was 1,277,000 net tons and the rate of capability utilization was 57.0 percent.

Production was 1,892,000 net tons in the week ending April 25, 2019 while the capability utilization then was 81.3 percent. The current week production represents a 33.9 percent decrease from the same period in the previous year.

Adjusted year-to-date production through April 25, 2020 was 28,850,000 net tons, at a capability utilization rate of 75.4 percent. That is down 8.3 percent from the 31,449,000 net tons during the same period last year, when the capability utilization rate was 81.5 percent.

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