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Steel Industry Executive Summary in USA: August 2020

2020-11-12

According to data from the World Steel Association, U.S. steel production was 4.8 million metric tons in June 2020, down 3.4% from May. June 2020 production was down 34.5% from the June 2019 production level. Total U.S. steel production in 2019 increased to 88.0 million metric tons from 86.6 million metric tons in 2018, a 1.6% increase.

• From May to June 2020, U.S. imports of steel mill products decreased 22.4% to 1.27 million metric tons from 1.63 million metric tons.
• In June 2020, capacity utilization was estimated at 56.8%, an increase of 2.2 percentage points from 54.6% in May.
• According to data from the World Steel Association, U.S. steel production decreased by 3.4% to 4.7 million metric tons in June.

 

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