Steel Products Prices North America
February 10, 2017
2016 Apparent Steel Supply Down 4.2 Percent Over 2015
Written by Brett Linton
According to the latest data released from the U.S. Department of Commerce and the American Iron and Steel Institute, apparent steel supply for the month of December 2016 was 8,622,171 net tons. Apparent steel supply is calculated by adding domestic steel shipments and finished US steel imports, then subtracting total US steel exports.
December apparent steel supply represents a 743,511 ton or 9.4 percent increase compared to the same month one year ago when apparent steel supply was 7,878,660 tons. The majority of this change came from an increase in domestic shipments, which were up 9.4 percent or 616,903 tons. Finished imports also increased month over month, by 6.2 percent or 127,736 tons. Total exports rose 0.2 percent or 1,128 tons, slightly negating the rise in apparent steel supply.
