Steel Products Prices North America
March 31, 2016
February Raw Steel Production Steady at 7.1 Million Tons
Written by Brett Linton
The American Iron & Steel Institute (AISI) recently reported final raw steel production estimates for the month of February 2016. The monthly estimates are different than the weekly estimates we report in our Tuesday issues; the AISI bases the monthly estimates on 75 percent of the domestic mills reporting vs. only 50 percent for the weekly estimates.
Total raw steel production for the month of February was reported to be 7,081,275 net tons with 4,592,622 tons being produced by electric arc furnaces (EAF) and 2,488,653 tons produced by blast furnaces. February raw steel production was reported to be 35,502 tons or 0.5 percent lower than the previous month but 262,757 tons or 3.9 percent higher over the same month last year.
