Steel Products Prices North America
August Raw Steel Production
Written by Brett Linton
October 4, 2015
The American Iron & Steel Institute (AISI) recently reported final raw steel production estimates for the month of August 2015. The monthly estimates are different than the weekly estimates we report in our Tuesday issues; the AISI bases the monthly estimates on 75 percent of the domestic mills reporting vs. only 50 percent for the weekly estimates.
Total raw steel production for the month of August was reported to be 7,645,334 net tons with 4,678,605 tons being produced by electric arc furnaces (EAF) and 2,966,729 tons produced by blast furnaces. August raw steel production was reported by the AISI to have been 106,007 tons or 1.4 percent lower than the previous month.
Compared to the first eight months of 2014, 2015 YTD production is down 8.6 percent to 59,466,107 tons. The table below shows that all 11 state-groups in the yearly comparison were reported as down.
The capacity utilization rate for the month of August 2015 was reported to be 72.2 percent, down from 73.2 percent in July and down from 80.2 percent in August 2014.
SMU Note: An interactive graphic of our raw steel production history can be seen in the Analysis section of our website here. If you need help logging into the website or navigating through it, please contact us at info@SteelMarketUpdate.com or 800-432-3475.
Brett Linton
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