Steel Products Prices North America
August 28, 2014
July Raw Steel Production at 2 Year High
Written by Brett Linton
The American Iron & Steel Institute (AISI) reported their final raw steel production numbers for the month of July 2014. This estimation is different than the weekly raw steel production as it is based on 75 percent of the domestic mills reporting vs. 50 percent for the weekly estimates.
Total raw steel production for the month of July was reported to be 8,477,367 net tons with 5,242,794 tons being produced by electric arc furnaces (EAF) and 3,234,573 tons produced by blast furnaces. July raw steel production was reported by the AISI to have been 4.7 percent higher than the previous month. The last time production was this high was for the month of May 2012 when 8,722,909 tons were produced.
