Prices
October 3, 2017
August Raw Steel Production at 2.5-Year High
Written by Brett Linton
Total raw steel production for the month of August was 7,824,820 net tons, with 5,344,663 tons produced by electric arc furnaces (EAFs) and 2,480,157 tons produced by blast furnaces. This is the highest monthly production figure seen since January 2015 when 8,002,074 tons were produced. August raw steel production was 150,877 tons or 2.0 percent lower than the previous month, and 496,286 tons or 6.8 percent higher than the same month last year, reports the American Iron and Steel Institute (AISI) in Washington. AISI’s monthly estimates are different than the weekly estimates we report; the monthly estimates are based on over 75 percent of the domestic mills reporting versus only 50 percent reporting for the weekly estimates.
As seen in the table below, eight of the 11 state groups reported an increase in month-over-month production.
