Prices
August 2, 2016
Raw Steel Production Declines 2.2 Percent in June
Written by Brett Linton
The American Iron & Steel Institute (AISI) recently reported final U.S. raw steel production estimates for the month of June 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 June was reported to be 7,522,167 net tons with 5,013,748 tons being produced by electric arc furnaces (EAF) and 2,508,419 tons produced by blast furnaces. June raw steel production was reported to be 171,379 tons or 2.2 percent lower than the previous month but 20,794 tons or 0.3 percent higher over the same month last year.
