Prices
May 12, 2019
March Raw Steel Production Nears 5-Year High
Written by Brett Linton
Total raw steel production for the month of March rose to 8,472,311 net tons, reports the American Iron and Steel Institute in Washington. This is the highest monthly production level seen in four and a half years, going back to August 2014 when it was 8,546,303 tons.
Broken down by production method, 5,833,229 tons (68.9 percent) were produced by electric arc furnaces (EAFs) and 2,639,082 tons (31.1 percent) were produced by blast furnaces. The EAF production level is now at the highest seen in our nine-year history, surpassing the October 2018 high of 5,724,209 tons

