U.S. Steel Production up 1.9% in February 2020 vs February 2019

U.S. steel production for the week ending Feb. 1, 2020, reached 1.91 million tons. This is up 1.9% from the same week in 2019, according to the American Iron and Steel Institute (AISI).

Production for the week ending Feb. 1, 2020, came in at a capacity utilization rate of 82.1%.

Production for the week ending Feb. 1, 2019, totaled 1.88 million tons at a capacity utilization rate of 80.7%.

Meanwhile, the most recent weekly production total was down 0.3% from the previous week ending Jan. 25, 2020.

Adjusted year-to-date production for the year through Feb. 1, 2020 reached 8.77 million net tons, at a capacity utilization rate of 82.3%. That year-to-date total is up 2.4% from the 8.56 million net tons produced during the equivalent period in 2019, during which the capacity utilization rate reached 80.4%.

Production for the week ending Feb. 1, 2020, reached:

• Northeast: 230,000 net tons
• Great Lakes: 680,000 net tons
• Midwest: 204,000 net tons
• Southern: 714,000 net tons
• Western: 86,000 net tons

Steel prices continue to move upward after appearing to bottom out from mid-October 2019 to mid-November 2019.

Source: MetalMiner