The American Iron & Steel Institute (AISI) reported their final raw steel production numbers for the month of July 2013. This estimation is different than the weekly raw steel production as it is based on 75 percent of the domestic mills reporting vs. 50 percent for the weekly estimates.
Total raw steel production for the month of July was reported to be 8,200,268 net tons with 5,153,895 NT being produced by electric arc furnaces (EAF) and 3,046,373 NT produced by blast furnaces.
July raw steel production was reported by the AISI to have been 4.9 percent higher than the previous month.
Total raw steel production for 2013 through July is now 55,713,361 NT which is 5.6 percent below that of 2012 through the same time period.
Capacity utilization rate for the month of July was reported by the AISI to be 77.3 percent and for the year through July the utilization rate is reported to have been 76.8 percent. (Source: AISI)
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