Steel Products Prices North America
April 11, 2017
February Apparent Steel Supply 1.3% Better than Last Year
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 February 2017 was 8,501,854 net tons. Apparent steel supply is calculated by adding domestic steel shipments and finished US steel imports, then subtracting total US steel exports.
February apparent steel supply represents a 112,690 ton or 1.3 percent increase compared to the same month one year ago when apparent steel supply was 8,389,164 tons. The majority of this change came from an increase in domestic shipments, increasing 172,899 tons or 2.4 percent. Finished imports were down 11,659 tons or 0.6 percent and total exports rose 48,550 tons or 6.2 percent, both lessening the overall rise in apparent steel supply.
