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Local steel output rises by 7,000 tons
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Great Lakes region

Local steel output rises by 7,000 tons

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Local steel output rises by 7,000 tons

U.S. Steel's Gary Works facility is shown. Great Lakes steel production rose by 7,000 tons last week.

Raw steel production in the Great Lakes region rose to 671,000 tons last week, as compared to 664,000 tons the week before.

Nationally, steel output so far this year continues to trail the anemic 2015 pace by about 310,000 tons. In 2015, steel production in the United States had declined by 10.5 percent to 78.9 million tons produced to date, according to the World Steel Association.

Overall U.S. steel output rose by 0.04 percent last week, according to an American Iron and Steel Institute estimate.

Most of the raw steel production in the Great Lakes region takes place in the Chicago area, mainly Lake and Porter counties in the Calumet Region.

Production in the Southern District, which spans mini-mills across the South, stayed steady at 623,000 tons last week.

Total U.S. raw steel production last week was about 1.757 million tons, up from 1.75 million tons a week earlier.

Year-to-date steel output in the United States has been 44 million net tons, at a capacity utilization rate of 72.4 percent, according to the American Iron and Steel Institute. Output had been 44.3 million tons at the same time in 2015.

 

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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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