Steel Products Prices North America
November 14, 2017
September Apparent Steel Supply Up 13% Over Last Year
Written by Brett Linton
Apparent steel supply for the month of September totaled 9,144,648 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.
September apparent steel supply saw a 1,037,894 ton or 12.8 percent increase compared to the same month one year ago. The majority of this change came from an increase in domestic shipments, increasing 790,313 tons or 11.7 percent. Finished imports also increased, up 355,652 tons or 16.7 percent from 12 months prior. Total exports lessened the overall increase in apparent steel supply as they rose by 108,070 tons or 13.6 percent.
