Ohio steel industry enjoys banner 2004

The Tribune Chronicle

Steel production was 14.9 million tons, the most since 2000 when production was 17.3 million tons, the council said. Production in 2004 was up 13.6 percent over 2003.

Shipments totaled 15.3 million tons, up 8.8 percent from 2003 and the most since 15.9 million tons in 2000.

Capital investment spending shot up 143 percent from 2003 to $351.5 million, a five-year high, the council said.

The improvements stemmed from a resurgence in worldwide steel markets, industry consolidation and efficiencies gained through technology, along with work force training and reorganization, the council said.

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