Steel Products Prices North America
July 15, 2018
Apparent Steel Supply Dips 1.8 Percent in April
Written by Brett Linton
May apparent steel supply fell 1.8 percent over April to 9,654,200 net tons, according to the data released late last week. Although down, supply remains strong in comparison to the last three years. Apparent steel supply is calculated by adding domestic steel shipments and finished U.S. steel imports, then subtracting total U.S. steel exports.
May apparent steel supply saw a 372,754 ton or 4.0 percent increase compared to the same month one year ago. This change was primarily due to an increase in domestic shipments of 395,397 tons or 5.2 percent and a decrease in exports of 148,414 tons or 14.8 percent. A 171,056 ton or 6.5 percent decrease in finished imports lessened the overall rise in apparent steel supply.
