Great Lakes steel production surges by 21,000 tons but down 20% this year
NWITimes - Steel production has dropped by 20% for the year, while steel capacity utilization is down more than 20 percentage points as compared to the same time last year, largely as a result of the coronavirus pandemic that greatly gutted demand for steel in the short term.
But steel manufacturing seems to be picking back up, at least locally. Great Lakes steel production rose by 21,000 tons last week, according to the American Iron and Steel Institute. Steel mills in the Great Lakes region, clustered mainly in Northwest Indiana, made 471,000 tons of metal, up from 450,000 tons the previous week, a 4.6% increase.