Steel trade group: Production up 38%
Raw steel production in the United States increased nearly 38 percent in 2010 compared to a year earlier, according to estimates released Monday by the American Iron and Steel Institute.
The Washington, D.C.-based steel industry trade group said U.S. steelmakers produced about 88.5 million tons of steel between January and December, compared to about 64.3 million tons in 2009.
Despite the year-over-year increase, crude steel production in 2010 was down 13 percent compared to 2008 and down 18 percent compared to 2007 and 2006.
Estimated raw steel production in Indiana and the Chicago area—the nation’s second-largest steel-producing region—was 401,000 tons in the week ended Saturday, which was down from 407,000 tons the prior week.
Production in the Southern District, the nation’s largest steel-producing region, was estimated at 574,000 tons during the week ended Saturday, up from the 547,000 tons produced a week earlier.
Domestic mills produced 1.7 million tons of steel last week, up 12.8 percent from the 1.5 million tons made during the same period in 2009. U.S. steel mills ended the year operating at 69.1 percent capacity versus 68.1 percent capacity a week earlier.