The American Iron & Steel Institute (AISI) reported their final raw steel production numbers for the month of February 2014. 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 February was reported to be 7,497,373 net tons (NT) with 4,659,241 NT being produced by electric arc furnaces (EAF) and 2,838,132 NT produced by blast furnaces. February raw steel production was reported by the AISI to have been 7.2 percent lower than the previous month.
Total raw steel production in 2014 throughout February is now 15,575,923 NT which is 0.3 percent below that of 2013 through the same time period. The capacity utilization rate for the month of February was reported to be 77.9 percent and 76.8 percent for 2014 YTD. (Source: AISI)
Below is a chart showing the monthly production figures in a 3-month moving average.
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