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Great Lakes steel production rose slightly last week

ArcelorMittal Indiana Harbor in East Chicago is pictured above. Great Lakes steel production rose by 9,000 tons last week.

Great Lakes steel production rose to 671,000 tons last week, a 1.3 percent increase from the 662,000 tons of output the previous week.

So far this year, U.S. steelmakers have produced 12 million tons of steel, about 4.8 percent more than they did during the same period in 2016.

Domestic steelmakers used about 74.6 percent of their steelmaking capacity in the week that ended Feb. 18, up from 73.4 percent the previous week, according to the American Iron and Steel Institute. It was up from 73.1 percent during the same time period in 2016 but remains well below the 90 percent capacity utilization some analysts consider healthy for the industry.

Overall U.S. steel output increased by 28,000 tons last week to 1.766 million tons, an increase of 1.6 percent, according to the American Iron and Steel Institute estimate.

Output in the Southern District, which spans mini-mills across the South and is typically second largest, increased to 645,000 tons last week, up from 628,000 tons the previous week. 

Source: 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.