Steel Products Prices North America
February 5, 2017
2016 Raw Steel Production 0.5% Lower than 2015
Written by Brett Linton
The American Iron & Steel Institute (AISI) recently reported final U.S. raw steel production estimates for the month of December 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 December was reported to be 7,117,580 net tons with 4,811,522 tons being produced by electric arc furnaces (EAF) and 2,306,058 tons produced by blast furnaces. December raw steel production was reported to be 300,122 tons or 4.4 percent higher than the previous month and 543,287 tons or 8.3 percent higher than the same month last year.
