Raw steel production rose to 680,000 tons in the Great Lakes region last week, the second straight week it increased.
U.S. steel production ticked up by 0.001 percent in the week that ended Saturday, according to an American Iron and Steel Institute estimate. Local production rose by 7,000 tons, or about 0.1 percent.
Most of the raw steel production in the Great Lakes region takes place in Indiana and the Chicago area.
Production in the Southern District, typically the nation's second biggest steel-producing region, rose to 650,000 tons, up from 640,000 tons the previous week.
Total domestic raw steel production last week was about 1.88 million tons, up from 1.877 million tons a week earlier.
Nationally, domestic steel mills had a capacity utilization rate of 78.2 percent last week, up from 78 percent a week earlier. The capacity utilization rate had been 74.6 percent a year earlier
U.S. mills shipped 8.5 million net tons in October, a 1.6 percent increase over 8.37 tons shipped during the same period last year, according to the American Iron and Steel Institute. Cold-rolled sheets were up 3 percent in October, while hot-rolled sheets were up 2 percent and hot-dipped galvanized sheets and strip were up by 1 percent.
Year-to-date shipments are 82.6 million net tons, a 3.1 percent increase over 2013. So far this year, U.S. steelmakers have shipped 82.6 million tons of steel.
Source:.nwitimes.com
- metaljunction »
- Metal News
Metal News & Events
METALJUNCTION PUBLICATIONS
Coal Insights (English) Monthly
Coal Insights is a ready reckoner for anyone associated with coal. This publication is aimed at tracking everything related to coal in India.
India Coal Market Watch(English) Monthly
ICMW is a one-stop source for all news, data and research pertaining to coal demand, consumption, stocks, spot- and long-term prices with respect to the Indian Market.
India Steel Market Watch (English) Monthly
ISMW is a brand new high-end steel market report, covering all aspects of the steel industry in India.
Steel Insights(English) Monthly
Steel Insights delves into various facets of the domestic and global steel industry such as market fundamentals, raw material price trends, price forecasts etc.