A system and method is disclosed for monitoring the operating parameters of an electric arc furnace (16) having a primary electrical circuit (14) comprising a primary current transformer (52). The method comprises monitoring the furnace's primary current transformer; collecting data therefrom; transmitting the collected data to a server (18) having an operatively connected monitor; and displaying the collected data on the monitor in substantially real-time. The server also collects information about the performance of the furnace from a programmable logic computer and information entered manually by an operator at a furnace monitoring viewer system (72), which may also be displayed in substantially real­time on the monitor.