US Steel Capacity Utilization Rate Dropped To 84.9%

US steel capacity utilization rate dropped to 84.9%; North American Stainless Steel said it would maintain fuel surcharges.

U.S. steel production reached 1.87 million tons throughout the week. This week’s total was down 0.2% compared to the previous week. However, output increased by 26.9% year on year. 

According to the American Iron and Steel Institute, the U.S. steel capacity utilization rate fell to 84.9% in the week ending August 28.

U.S. steel production reached 1.87 million tons throughout the week. This week’s total was down 0.2% compared to the previous week. However, output increased by 26.9% year on year.

Since the beginning of this year, steel production has reached 62 million tons of net tons. The capacity utilization rate reached 80.5% during the same period. In the same period of 2020, the output was only 66.6%, and the net ton output was 51.7 million tons.

01 North American Stainless Steel Renewal Fuel Surcharge

North American Stainless Steel (NAS) said today that it will maintain its fuel surcharge at 27% for stainless steel flat and long products.

North American stainless steel means:

The surcharge is considered to be the highest level in September and will be reviewed monthly. "

02 Russian Aluminum Giant Rusal Releases Interim Results

At the same time, Russian aluminum giant RUSAL announced its interim results for the first half of 2021 earlier this month.

The company stated:

In 1H 2021, after the collapse caused by the new crown pneumonia pandemic, the gradual recovery of all key markets in the aluminum industry continues. "However, although the global demand for aluminum has increased by 11%, these indicators have not yet achieved a stable level of consumption and normalization of demand. "

RUSAL reported that compared with H1 and H2 2020, aluminum production remained flat, with H1 2021 aluminum production reaching 1,848 000 tons of aluminum.

Adjusted EBITDA reached 1.3 billion U.S. dollars, an increase of 500% from H1 2020's 219 million U.S. dollars.