Local steel output falls for fifth straight week
9 November 2016
Raw steel production in the Great Lakes region fell to 612,000 tons last week, down from 615,000 tons a week earlier.The drop of 3,000 tons was the fifth straight week of decline in the Great Lakes region.
Capacity utilization nationwide was only 67.5 percent last week, the ninth straight week it’s been mired under 70 percent. Overall U.S. steel output rose 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 sluggish 2015 pace by about 1.36 million tons, a decline of 1.77 percent. In 2015, during the worst import crisis in more than a decade, steel output 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, rose to 570,000 tons last week, up from 546,000 tons the previous week, a 4.3 percent gain.National steel production through Nov. 7 of this year totaled 75.1 million tons, a decline of 1.8 percent, at a capacity utilization rate of 71.3 percent. The United States made 76.4 million tons of steel at a capacity utilization rate of 70.9 percent through the same period last year.