U.S. steel production grows by 8.6 percent

A bar of steel makes its way through the 80-inch hot strip mill at ArcelorMittal Indiana Harbor on its way to becoming a coil of steel.

John J. Watkins, The Times

Steel production in the United States surged by 8.6 percent year-over-year in September, according to the World Steel Association.

The trade association reported that steel output rose by 5.6 percent internationally in September, as compared to September 2016. The 66 steel-producing countries the World Steel Association tracks cranked out 141.4 million tons of steel, nearly half of which was made in China.

China made 71.8 million tons of steel in September, more than 10 times as much as the 6.7 million tons produced in the United State that month.

In September, steel production increased by 13 percent in Turkey, 8.3 percent in Italy, 7.6 percent in Brazil, 6.7 percent in Spain, and 3.2 percent in France, according to the World Steel Association.

Global steel capacity utilization stood at 73.5 percent in September, which was 2.8 percent higher than the same time the previous year.

Over the first nine months of the year, North America has produced 86.7 million tons of steel, a 3.5 percent year-over-year increase. Asia made 876.3 million tons of steel during that period, a 5.9 percent jump as compared to 2016.

Steel output has risen by 4.1 percent over the first nine months of the year in Europe, which has produced 126.4 million tons of steel.

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Business reporter

Joseph S. Pete is a Lisagor Award-winning business reporter who covers steel, industry, unions, the ports, retail, banking and more. The Indiana University grad has been with The Times since 2013 and blogs about craft beer, culture and the military.