Steel Products Prices North America
August 26, 2016
July Raw Steel Production Down 1.9 Percent Over June
Written by Brett Linton
The American Iron & Steel Institute (AISI) recently reported final U.S. raw steel production estimates for the month of July 2016. The monthly estimates are different than the weekly estimates we report in our Tuesday issues; the AISI bases the monthly estimates on over 75 percent of the domestic mills reporting vs. only 50 percent for the weekly estimates.
Total raw steel production for the month of July was reported to be 7,382,306 net tons with 4,937,851 tons being produced by electric arc furnaces (EAF) and 2,444,455 tons produced by blast furnaces. July raw steel production was reported to be 139,861 tons or 1.9 percent lower than the previous month and 369,035 tons or 4.8 percent lower than the same month last year.
