You are the owner of this article.
Great Lakes steel production surges by 28,000 tons last week
urgent

Great Lakes steel production surges by 28,000 tons last week

{{featured_button_text}}
Great Lakes steel production surges by 28,000 tons last week

U.S. Steel's Gary Works steel mill is pictured above. Steel production is up 1.8% nationally this year.

Great Lakes steel production rose by 28,000 tons to 681,000 tons last week, a 4.28% increase.

Steel mills in the Great Lakes region made 653,000 tons of metal the previous week, according to the American Iron and Steel Institute. 

Overall, domestic steel mills in the United States made 1.844 million tons of steel last week, up 1.3% from 1.821 million tons the previous week.

So far this year, domestic steel mills in the United States have made 92.5 million tons of steel, a 1.8% increase over the 90.9 million tons made during the same period in 2018. Steel production was up 11.6% nationally in the first week of 2019, but the difference between 2019's and last year's output has been declining steadily ever since, falling most steeply as the year has gone on.

U.S. steel mills have run at a capacity utilization rate of 80.1% through Dec. 14, up from 78.2% at the same point in 2018, according to the American Iron and Steel Institute.

Domestic steelmakers used about 79.7% of their steelmaking capacity in the week that ended Saturday, up from 79.4% a year earlier and from 78.7% the previous week.

A steel capacity utilization rate of 83.4% earlier this year was the highest level reached in the U.S. since September 2008, according to the trade publication Platts.

Steel production in the Southern region, a wide geographic swathe that encompasses many mini-mills and rivals the Great Lakes in output, produced 669,000 tons of steel in the week that ended Saturday, up from 666,000 tons the week before. Production in the rest of the Midwest dropped to 192,000 tons, down from 193,000 tons the week prior.

1
0
0
0
0

The business news you need

* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.

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.

Related to this story

Get up-to-the-minute news sent straight to your device.

Topics

News Alerts

Breaking News

Crime

Entertainment & Dining

Latest News

Local Sports

NWI Prep Sport News

Weather Alerts