Steel Products Prices North America
December 12, 2017
October Apparent Steel Supply Up 12% Over Last Year
Written by Brett Linton
Apparent steel supply for the month of October totaled 9,355,621 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.
October apparent steel supply saw a 1,017,259 ton or 12.2 percent increase compared to the same month one year ago. The majority of this change came from an increase in domestic shipments, increasing 877,976 tons or 12.8 percent. Finished imports also increased, up 269,288 tons or 11.9 percent from 12 months prior. Total exports lessened the overall increase in apparent steel supply as they rose by 130,004 tons or 17.0 percent.
