• Skip to main content

    Prices

    May Raw Steel Production Strong at 8.3 Million Tons

    Written by Brett Linton


    Total U.S. raw steel production in the month of May rose 2.7 percent to 8,325,489 net tons, reports the American Iron and Steel Institute in Washington. May production was at one of the higher levels in recent history, only surpassed by March 2019 and October 2018. Prior to those three months, the last time production topped that was in August 2014 at 8,546,303 tons.

    Broken down by production method, 5,643,477 tons (67.8 percent) were produced by electric arc furnaces (EAFs) and 2,682,012 tons (32.2 percent) were produced by blast furnaces.

    Brett Linton

    Read more from Brett Linton

    Latest in Prices

    Mills seek more scrap after lower prices fail to attract tons

    Several mills that bought October scrap early last week are still asking for additional supplies, scrap market participants said. The reason: the mills' initial prices did not attract enough of the raw material, they said. A trading source based in northern Ohio said three mills have contacted his firm seeking offers for additional tons. He said the mills asked for offers even if prices were higher than their original buys last week.