Prices
November 24, 2015
October Raw Steel Production Down 9.1 Percent Year to Date
Written by Brett Linton
The American Iron & Steel Institute (AISI) recently reported final raw steel production estimates for the month of October 2015. The monthly estimates are different than the weekly estimates we report in our Tuesday issues; the AISI bases the monthly estimates on 75 percent of the domestic mills reporting vs. only 50 percent for the weekly estimates.
Total raw steel production for the month of October was reported to be 7,215,324 net tons with 4,710,481 tons being produced by electric arc furnaces (EAF) and 2,504,843 tons produced by blast furnaces. October raw steel production was reported to be 12,554 tons or 0.2 percent lower than the previous month and down 932,337 tons or 11.4 percent from the same month last year.
