Steel production falls by 13,000 tons in Great Lakes states

2013-08-27T10:15:00Z 2013-08-27T15:07:06Z Steel production falls by 13,000 tons in Great Lakes statesJoseph S. Pete, (219) 933-3316

Raw steel production in the country's Great Lakes region was about 604,000 tons in the week ending Aug. 24, according to an American Iron and Steel Institute estimate.

Production fell by 13,000 tons or about 2.1 percent from the week prior, marking the sixth straight week steel production has declined in the Great Lakes region. Most of the raw steel production in the Great Lakes region takes place in Indiana and the Chicago area.

Production in the Southern District was estimated at 707,000 tons last week, down slightly from 709,000 tons a week earlier.

Total domestic raw steel production last week was about 1.86 million tons, down from 1.88 million tons the week prior.

U.S. steel mills had a capacity utilization rate of 77.7 percent last week, which is down from 78.4 percent a week earlier. The capacity utilization rate had been 76.3 percent at the same time last year.

So far this year, domestic steel producers have had a capacity utilization rate of 77.1 percent, which is down from 77.8 during the same period in 2012.

Domestic mills have produced an estimated 62.8 million tons of steel this year, down 4.4 percent from the same period last year. The mills had made about 65.7 million tons of steel by Aug. 24 in 2012.

Steel imports inched up in July, but the market remained weaker than last year, according to the American Institute for International Steel. Total steel imports in July were 2.47 million tons, a 0.6 percent increase over June but a 10.9 percent decrease from July 2012.

So far this year, steel imports have decreased by 10.8 percent to 18.2 million tons.

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