Steel Products Prices North America
January Raw Steel Production at 8.08 Million Net Tons
Written by Brett Linton
March 2, 2014
The American Iron & Steel Institute (AISI) reported their final raw steel production numbers for the month of January 2014. This estimation is different than the weekly raw steel production as it is based on 75 percent of the domestic mills reporting vs. 50 percent for the weekly estimates.
Total raw steel production for the month of January was reported to be 8,078,550 net tons (NT) with 5,127,357 NT being produced by electric arc furnaces (EAF) and 2,951,193 NT produced by blast furnaces. January raw steel production was reported by the AISI to have been 2.9 percent higher than the previous month.
Total raw steel production for 2014 so far is 0.5 percent below that of 2013 through the same time period. The capacity utilization rate for the month of January was reported to be 75.8 percent. (Source: AISI)
Below is a chart showing the monthly production figures in a 3-month moving average.
Brett Linton
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