Steel Products Prices North America
November 30, 2016
October Raw Steel Production Improves but is Still Too Low
Written by Brett Linton
The American Iron & Steel Institute (AISI) recently reported final U.S. raw steel production estimates for the month of October 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 October was reported to be 6,885,339 net tons with 4,730,552 tons being produced by electric arc furnaces (EAF) and 2,134,787 tons produced by blast furnaces. October raw steel production was reported to be 65,740 tons or 1.0 percent greater than the previous month but 329,985 tons or 4.6 percent lower than the same month last year.
