Steel Products Prices North America
June 9, 2018
April Apparent Steel Supply Remains Strong
Written by Brett Linton
April apparent steel supply fell 1.1 percent over March to 9,829,298 net tons, according to the data released late last week. Although down this month, supply remains strong in comparison to the last three years or so. Apparent steel supply is calculated by adding domestic steel shipments and finished U.S. steel imports, then subtracting total U.S. steel exports.
April apparent steel supply saw a 697,230 ton or 7.6 percent increase compared to the same month one year ago. This change was primarily due to an increase in domestic shipments of 370,246 tons or 5.0 percent and a rise in finished imports of 330,406 tons or 12.9 percent. A 3,423 ton or 0.4 percent increase in exports slightly lessened the overall rise in apparent steel supply.
