Great Lakes steel production rises by 2.7 percent

A bar of steel goes through the 80-inch hot strip mill on its way to becoming a coil of steel. Great Lakes steel production increased by 2.7 percent.

John J. Watkins, The Times

Great Lakes steel production rose to 703,000 tons last week, an increase of 2.7 percent that snapped a two-week skid.

Steel mills in the Great Lakes region made 684,000 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 67.8 million tons of steel, about 3.7 percent more than they did during the same period in 2016. Domestic steel mills have been running at a capacity of 74.6 percent so far this year, up from 72.1 percent through the same time last year.

Domestic steelmakers used about 73.2 percent of their steelmaking capacity in the week that ended Sept. 30, down from 73.8 percent the previous week but significantly up from 68 percent at the same time a year earlier, according to the American Iron and Steel Institute.

Some analysts say steelmaking capacity utilization of about 90 percent would be considered healthy for an industry that's been beset by imports and mill idlings in recent years, and at least some of the blast furnaces in Northwest Indiana's big integrated mills operate at around that capacity.

Overall, U.S. national steel output fell by 14,000 tons last week to 1.7 million tons, a decrease of 0.81 percent, according to the American Iron and Steel Institute.

Production in the Southern District, nearly always the country's second-largest steel-producing region, which spans mini-mills across the South, fell to 575,000 tons last week, down from 614,000 tons the previous week.

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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.