Prices
November 29, 2013
October Raw Steel Production Up 1%
Written by Brett Linton
The American Iron & Steel Institute (AISI) reported their final raw steel production numbers for the month of October 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 October was reported to be 8,114,457 net tons with 4,951,178 NT being produced by electric arc furnaces (EAF) and 3,163,279 NT produced by blast furnaces. October raw steel production was reported by the AISI to be 1.0 percent higher than the previous month.
Total raw steel production in 2013 throughout October is now 80,091,546 NT which is 2.8 percent below that of 2012 through the same time period. The capacity utilization rate for the month of October was reported to be 76.5 percent and 77.0 percent in average for 2013 so far. (Source: AISI)
Below is a chart showing the monthly production figures in a 3-month moving average.
