Prices
October 4, 2016
August Raw Steel Production Down 0.7 Percent Over July
Written by Brett Linton
The American Iron & Steel Institute (AISI) recently reported final U.S. raw steel production estimates for the month of August 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 August was reported to be 7,328,534 net tons with 4,948,685 tons being produced by electric arc furnaces (EAF) and 2,379,849 tons produced by blast furnaces. August raw steel production was reported to be 53,772 tons or 0.7 percent lower than the previous month and 316,800 tons or 4.1 percent lower than the same month last year.

