U.S. Raw Steel Production Plummeted 13%

The most recent weekly production statistics suggests substantial decline in raw steel production by the country during the week ended on December 5^th, 2020. The data published by the American Iron and Steel Institute (AISI) points to significant year-on-year decline in output during the week.

The domestic raw steel production during the week totalled 1.579 million net tons. The capability utilization rate during the week was 71.4%. This compares with the production and capability utilization rate of 1.818 million net tons and 78.6% respectively during the corresponding week a year before. Upon comparison with the week ended December 5^th, 2019, the production is down by almost 13.1%.