Great Lakes steel output shoots up by 23,000 tons

NWI Times

Great Lakes steel production rose to 694,000 tons last week, a 3.4 percent increase from the 671,000 tons of output the previous week.

So far this year, U.S. steelmakers have produced 13.8 million tons of steel, about 4.7 percent more than they did during the same period in 2016.

Domestic steelmakers used about 74.7 percent of their steelmaking capacity in the week that ended Feb. 25, up from 74.6 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 as healthy.

Overall U.S. steel output ticked up slightly by 4,000 tons last week to 1.766 million tons, according to the American Iron and Steel Institute.

Output in the Southern District, which spans mini-mills across the South, fell to 629,000 tons last week, down from 645,000 tons the previous week.