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Local steel production rises by 4,000 tons
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Local steel production rises by 4,000 tons

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Local steel production rises by 4,000 tons

An ArcelorMittal worker rides a tricycle near steel coils stacked at the Burns Harbor plant. Steel production rose by 4,000 tons last week.

Raw steel production in the Great Lakes region rose to 622,000 tons last week, up from 618,000 a week earlier.

Local steel output has been much lower than normal all this year amid a flood of imports that now account for a historic 32 percent of the total market share. Overall U.S. production trails 2014 by 7.4 percent.

Great Lakes steel production increased by 4,000 tons, or 0.6 percent, in the week that ended Saturday, according to an American Iron and Steel Institute estimate. Overall U.S. steel output fell by 0.04 percent over the same period.

Most of the raw steel production in the Great Lakes region takes place in the Chicago area, mainly Lake and Porter counties in Northwest Indiana. Indiana has led the nation in steel production for more than 30 years.

Production in the Southern District, which encompasses mini-mills across the South, increased to 597,000 tons last week, up from 591,000 tons the week before.

Total domestic raw steel production last week was about 1.733 million tons, up from 1.726 million tons a week earlier.

Nationally, domestic steel mills had a capacity utilization rate of 73.3 percent last week, up from 77.5 percent a year earlier. The capacity utilization rate had been 72.5 percent at the same time a year earlier.

Year-to-date output has been 43.5 million net tons, at a capacity utilization rate of 72.5 percent, according to the American Iron and Steel Institute.

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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.

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