Steel Products Prices North America
January 14, 2020
Slight Slip in November U.S. Raw Steel Production
Written by Brett Linton
U.S. raw steel production in November fell 2.2 percent to 7,812,925 net tons, reported the American Iron and Steel Institute in Washington. November production is below the 2019 average of 8,063,863 tons and down 4.2 percent compared to the same month last year.
Broken down by production method, 5,646,674 tons (72.3 percent) were produced by electric arc furnaces (EAFs) and 2,166,251 tons (27.7 percent) were produced by blast furnaces. While the November EAF production level is not record breaking, the percentage of steel produced by EAFs in relation to total monthly production is at the highest level seen in our ~10-year limited history, surpassing the previous months’ high of 70.8 percent and the prior high in November 2017 of 70.7 percent.
