Steel Products Prices North America
April 11, 2018
February Apparent Steel Supply at 8.8 Million Tons
Written by Brett Linton
February apparent steel supply declined over January to 8,773,912 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.
February apparent steel supply saw a 272,058 ton or 3.2 percent increase compared to the same month one year ago. This change was due to an increase in domestic shipments of 293,249 tons or 4.1 percent. Exports also fell 22,206 tons or 2.7 percent. A 43,397 ton or 2.1 percent decrease in finished imports lessened the overall rise in apparent steel supply.
