Steel Products Prices North America
April 3, 2017
February Raw Steel Production Down MOM, Flat YOY
Written by Brett Linton
The American Iron & Steel Institute (AISI) recently reported final U.S. raw steel production estimates for the month of February 2017. 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 February was reported to be 7,080,462 net tons with 4,720,154 tons being produced by electric arc furnaces (EAF) and 2,360,309 tons produced by blast furnaces. February raw steel production was reported to be 608,263 tons or 7.9 percent lower than the previous month but just 813 tons or <0.1 percent lower than the same month last year. As seen in the table below, 10 of the 11 state-groups reported a decline in month-over-month production.
