Prices
April 14, 2019
U.S. Raw Steel Production Slips in February
Written by Brett Linton
Total raw steel production for the month of February fell to 7,667,664 net tons, reports the American Iron and Steel Institute in Washington. This is the lowest monthly production level seen since April 2018 when it was 7,630,135 tons. Broken down by production method, 5,305,123 tons (69.2 percent) were produced by electric arc furnaces (EAFs) and 2,362,541 tons (30.8 percent) were produced by blast furnaces.
February production was 619,222 tons or 7.5 percent lower than January, but 401,309 tons or 5.5 percent higher than the same month one year ago. AISI’s monthly estimates are different than the weekly estimates we report each Tuesday; the monthly estimates are based on over 75 percent of the domestic mills reporting versus only 50 percent reporting for the weekly estimates.
