Production Of Iron Of And Pig Iron In 1917

Statistics compiled by the United States Geological Survey show that the iron ore mined in the United States in 1917 reached a total of 75,288,851 gross tons, exceeding the former record output of 1916 by 121,179 tons. The shipments from the mines in 1917 were 75, 573,181 gross tons, valued at $238,260,333, a decrease in quantity of 2,297,372 tons, or 2.95 per cent., and an increase in value of $56,358,056, or 30.98 per cent., over the shipments in 1916. The average value per ton at the mines for all grades of ore in 1917 was $3.15 as against $2.34 in 1916. Stocks of iron ore at mines, mainly in Minnesota and Michigan, amounted at the close of 1917 to 10,628,908 gross tons, compared with 10,876,352 gross tons in 1916. The quantity of pig iron, exclusive of ferro-alloys, sold or used in 1917, according to reports of producers to the United States Geological Survey, amounted to 38,612,546 gross tons, valued at $1,053,785,975; compared with 39,126,324 gross tons, valued at $663,478,118 in 1916, a decrease of 1.32 per cent. in quantity and an increase of 59 per cent. in value. The average price per ton at furnaces in 1917, as reported to the Survey, was $27.29, compared with $16.96 in 1916, an increase of 61 per cent. The production of pig iron, including ferro-alloys, was 38,647,397 gross tons in 1917, compared with 39,434,797 gross tons in 1916, a decrease of 4.5 per cent., according to figures published by the American Iron and Steel Institute, March 18, 1918.