Prices
April 28, 2016
March Raw Steel Production at 7.46 Million Tons, 72.1% Capacity
Written by Brett Linton
The American Iron & Steel Institute (AISI) recently reported final U.S. raw steel production estimates for the month of March 2016. The monthly estimates are different than the weekly estimates we report in our Tuesday issues; the AISI bases the monthly estimates on over 75 percent of the domestic mills reporting vs. only 50 percent for the weekly estimates.
Total raw steel production for the month of March was reported to be 7,462,757 net tons with 4,842,105 tons being produced by electric arc furnaces (EAF) and 2,620,652 tons produced by blast furnaces. March raw steel production was reported to be 381,482 tons or 5.4 percent higher than the previous month and 370,628 tons or 5.2 percent higher over the same month last year. March production levels are at the highest seen since August 2015 when total raw production was 7,645,334 tons.
