NEWS

Great Lakes Steel Production Dips By 3,000 Tons

Thursday, Sep 29, 2016

Raw steel production in the Great Lakes region dropped to 636,000 tons last week, down from 639,000 tons a week earlier, a decline of 0.46 percent.

Capacity utilization nationwide was only 68.6 percent last week, the third straight week it’s been mired under 70 percent. Overall U.S. steel output fell by 27,000 tons last week to 1.6 million tons, according to an American Iron and Steel Institute estimate.

Nationally, steel output so far this year continues to trail the anemic 2015 pace by about 996,000 tons, a decline of 1.4 percent. In 2015, during the worst import crisis in more than a decade, steel production in the United States declined by 10.5 percent from the year before, according to the World Steel Association.

Much of the raw steel production in the Great Lakes region takes place in Lake and Porter counties in Indiana.

Production in the Southern District, which spans mini-mills across the South, dropped to 541,000 tons last week, down from 556,000 tons the previous week, a 2.69 percent drop.

 

Source : nwitimes.com

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