Great Lakes steel production picks up by 8,000 tons | Northwest Indiana Business Headlines

Great Lakes steel production picks up by 8,000 tons

A steelworker throws insulation on top of molten iron and slag as it flows from a blast furnace at Cleveland-Cliffs Burns Harbor mill in this file photo.

Matthew Saltanovitz

Great Lakes steel production rose by 8,000 tons last week, while U.S. steel mills remained under 85% capacity utilization, according to the American Iron and Steel Institute.

National steel output is now less than 20% higher than at the same time last year, when steel mills sunk to just over half-capacity early in the coronavirus pandemic. With strong demand and soaring prices, the mills have been operating at more than 80% capacity for most of this year.

Steel mills in the Great Lakes region, clustered mainly along the south shore of Lake Michigan in Northwest Indiana, made 625,000 tons of metal in the week that ended Nov. 27, down from 617,000 tons last week.

Overall, domestic steel mills in the United States made 1.837 million tons of steel last week, down 1.3% from 1.861 million tons the previous week but up 13.3% compared to 1.861 million tons the same time a year prior, when the onset of the coronavirus pandemic shut down auto plants and other factories, greatly depleting the demand for steel.

So far this year, domestic steel mills in the United States have made 86.27 million tons of steel, a 19.7% increase compared to the 72.05 million tons made during the same period in 2020.

U.S. steel mills have run at a capacity utilization rate of 81.6% through Nov. 27, up from 67.7% at the same point in 2020, according to AISI.

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