Prices
August 9, 2021
U.S. Raw Steel Production Eases Slightly in June, Remains Elevated
Written by Brett Linton
U.S. raw steel production eased in June to 7.90 million net tons, according to recently released American Iron and Steel Institute data. Although down 2.7% from the month prior, June marks the second-highest production level seen since January 2020 when 8.44 million tons were produced by domestic mills (May 2021 was a 16-month high). June production is up 2.45 million tons or 44.9% compared to the same month last year.
Note that AISI’s monthly production estimates are different than the weekly estimates SMU reports each Tuesday; the monthly estimates are based on over 75% of the domestic mills reporting versus only 50% reporting for the weekly estimates.
