Steel production down 16.1% this year after COVID-19 disruptions
Nwitimes - Despite a modest increase last week, steel production has plummeted by 16.1% for the year, while steel capacity utilization is down 27 percentage points as compared to the same time last year.
Great Lakes steel production rose by 11,000 tons last week as more auto plants came back online, according to the American Iron and Steel Institute. Steel mills in the Great Lakes region, clustered mainly in Northwest Indiana, made 406,000 tons of metal, up from 395,000 tons the previous week.
Overall, domestic steel mills in the United States made 1.206 million tons of steel last week, up 1.3% from 1.19 million tons the previous week.