Raw steel production rebounded to 666,000 tons in the Great Lakes region last week, after a big drop the previous week.
U.S. steel production increased by 1.1 percent in the week that ended Saturday, according to an American Iron and Steel Institute estimate. Local production jumped by 16,000 tons, or about 2.5 percent.
Most of the raw steel production in the Great Lakes region takes place in the Chicago area, chiefly Lake and Porter counties in Indiana.
Production in the Southern District, typically the nation's second-biggest steel-producing region, rose to 614,000 tons last week, up from 607,000 tons a week earlier.
Total domestic raw steel production last week was about 1.824 million tons, up from 1.806 million tons a week earlier.
Nationally, domestic steel mills had a capacity utilization rate of 75.9 percent last week, up from 75.1 percent a week earlier. The capacity utilization rate had been 75.8 percent at the same time a year earlier.
Year-to-date output was 6.3 million net tons, at a capacity utilization rate of 76.6 percent, according to the American Iron and Steel Institute. Production is up 1.2 percent over 2014 so far.
The United States reported 3.6 million net tons of steel in December, down 2 percent compared to November, according to the American Iron and Steel Institute. About 2.9 million net tons of finished steel was imported, a 0.1 percent increase.
Wire rod imports were up 36 percent in December over November, while line pipe was up 18 percent and standard pipe was up 13 percent. Hot-rolled bar imports rose 11 percent.
Source: nwitimes.com
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