March Raw Steel Production Hits 3.5-Year High

Total raw steel production for the month of March was 8,084,427 net tons, the highest production level since October 2014 when 8,147,661 tons were produced. The production method breakdown was 5,578,866 tons produced by electric arc furnaces (EAFs) and 2,505,561 tons produced by blast furnaces. March raw steel production was 818,072 tons or 11.3 percent higher than February, and 485,074 tons or 6.4 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, all of the 11 state groups reported an increase in month-over-month production, but just five of the 11 state groups reported an increase in production compared to the same month last year.