Steel Products Prices North America
November 10, 2015
September Apparent Steel Supply: Lowest Level Since February 2013
Written by Brett Linton
According to the latest data released from the US Department of Commerce and the American Iron and Steel Institute, apparent steel supply for the month of September 2015 was 8,543,021 net tons. Apparent steel supply is calculated by adding domestic steel shipments and finished US steel imports and subtracting total US steel exports.
September supply represents a 1,762,686 ton or 17.1 percent decrease compared to the same month one year ago when apparent steel supply was 10,305,707 tons. This is attributed to a 1,252,266 ton or 15.0 percent drop in domestic shipments and a decline in finished imports of 732,573 tons or 24.7 percent. A decrease in total exports of 222,153 tons or 21.5 percent negated change. The net trade balance between imports and exports was a surplus of 2,022,657 tons in September 2015, 843,730 tons less than that of September 2014.
