Steel Products Prices North America
September 9, 2017
July Apparent Steel Supply Remains High
Written by Brett Linton
Apparent steel supply for the month of July totaled 9,570,118 net tons, according to the latest data from the U.S. Department of Commerce and the American Iron and Steel Institute. Apparent steel supply is calculated by adding domestic steel shipments and finished U.S. steel imports, then subtracting total U.S. steel exports.
July apparent steel supply represents a 474,733 ton or 5.2 percent increase compared to the same month one year ago. The majority of this change came from an increase in finished imports, increasing 415,606 tons or 16.8 percent. Domestic shipments were relatively flat, up 127,543 tons or 1.7 percent. Total exports lessened the overall rise in apparent steel supply as they rose 68,416 or 9.3 percent.
