Steel Products Prices North America
May 4, 2017
March Raw Steel Production Increases To 7.6 Million Tons
Written by Brett Linton
The American Iron & Steel Institute (AISI) recently reported final U.S. raw steel production estimates for the month of March 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 March was reported to be 7,599,353 net tons with 5,118,343 tons being produced by electric arc furnaces (EAF) and 2,481,010 tons produced by blast furnaces. March raw steel production was reported to be 518,891 tons or 7.3 percent higher than the previous month and 136,596 tons or 1.8 percent higher than the same month last year. As seen in the table below, 10 of the 11 state-groups reported an increase in month-over-month production.
