According to the American Iron and Steel Institute, Great Lakes steel production increased by 9,000 tons last week, while US steelmakers remained at around 85% capacity utilization.
National steel production is up more than 19% so far this year and more than 26% compared to the same period last year when steelmakers fell to just over half capacity at the start of the coronavirus pandemic.
Steelmakers in the Great Lakes region, mainly clustered along the South Shore of Lake Michigan in Northwest Indiana, produced 641,000 tons of metal in the week ended August 7, up from 632,000 tons the previous week.
Overall, domestic steelmakers in the US produced 1.872 million tons of steel, down 0.2 percent from 1.876 million tons last week and up 26.8 percent from 1.476 million tons in the same period of the previous year. The coronavirus pandemic has shut down auto plants and other factories and depleted steel demand to a large extent.
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