[Ferro-Alloys.com] In the week ending on October 10, 2020, US domestic raw steel production was 1,502,000 net tons while the capability utilization rate was 67.9 percent. Production was 1,805,000 net tons in the week ending October 10, 2019 while the capability utilization then was 78.0 percent. The current week production represents a 16.8 percent decrease from the same period in the previous year. Production for the week ending October 10, 2020 is up 1.2 percent from the previous week ending October 3, 2020 when production was 1,484,000 net tons and the rate of capability utilization was 66.6 percent.
The American Iron and Steel Institute (AISI) reported that for the month of August 2020, U.S. steel mills shipped 6,532,652 net tons, a 8.2 percent increase from the 6,035,596 net tons shipped in the previous month, July 2020, and a 22.9 percent decrease from the 8,472,088 net tons shipped in August 2019. Shipments year-to-date in 2020 are 53,786,455 net tons, a 17.0 percent decrease vs. 2019 shipments of 64,810,436 for eight months.