Steel Products Prices North America
July 8, 2017
Monthly Raw Steel Production Rises to 7.6 Million Tons in May
Written by Brett Linton
Total raw steel production for the month of May was 7,606,893 net tons, with 5,168,112 tons produced by electric arc furnaces (EAF) and 2,438,781 tons produced by blast furnaces. May raw steel production was 231,724 tons or 3.1 percent higher than the previous month, but 86,653 tons or 1.1 percent lower than the same month last year, reports the American Iron and Steel Institute (AISI) in Washington. AISI’s monthly estimates are different than the weekly estimates we report, in that the monthly estimates are based on over 75 percent of the domestic mills reporting versus only 50 percent reporting for the weekly estimates.
As seen in the table below, 8 of the 11 state groups reported an increase in month-over-month production. This is the highest monthly production figure since January 2017 when it was 7,688,725 tons.
