NEWS

Great Lakes steel production rises for second straight week

Wednesday, May 31, 2017

Great Lakes steel production rose to 651,000 tons last week, an increase of 0.7 percent, marking the second straight week it's gone up after a steep drop of 47,000 tons in the middle of May.

Steel mills in the Great Lakes region cranked out 646,000 tons of metal the previous week, according to the American Iron and Steel Institute. Most of the steel made in the Great Lakes region is produced in Lake and Porter counties in Northwest Indiana.

So far this year, U.S. steelmakers have produced 36.4 million tons of steel, about 2.9 percent more than they did during the same period in 2016. Steel mills have been running at a capacity of 74.4 percent so far this year, up from 72.1 percent through the same time last year.

Domestic steelmakers used about 75.2 percent of their steelmaking capacity in the week that ended May 27, up from 74.7 percent the previous week, according to the American Iron and Steel Institute. Capacity utilization was 74.1 percent during the same time period in 2016.

Overall, U.S. steel output increased by 12,000 tons last week to 1.753 million tons, a 0.58 percent increase, according to the American Iron and Steel Institute.

Output in the Southern District, the second largest steel-producing region, which spans mini-mills across the South, dropped to 644,000 tons last week, down from 651,000 tons the previous week.

 

Source:nwitimes.com

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