US steel production continues to decline

AISI announced that for the week ended April 4, 2020, domestic steel production was 1,534,000 tonnes, while capacity utilization was 68.5%. Production was 1,892,000 net tons for the week ended April 4, 2019, while capacity utilization was 81.3%.

Production this week represents a decline of 18.9 percent over the same period the previous year. Production for the week ending April 4, 2020 was down 8.1 percent from the previous week ending March 28, 2020, when production was 1,670,000 net tonnes and a capacity utilization rate of 71.6%.

Adjusted annual production as of 4 April 2020 was 25,067,000 net tonnes with a capacity utilization rate of 79.4%. This is 2.7 percent less than the 25,773,000 net tonnes in the same period last year, when the capacity utilization rate was 81.5%.