Steel Products Prices North America
August 12, 2018
June Apparent Steel Supply Down to 8.9 Million Tons
Written by Brett Linton
June apparent steel supply fell 7.4 percent over May to 8,941,089 net tons, according to government data released late last week. Although down somewhat, supply remains in line with levels of 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.
June apparent steel supply saw a 891,410 ton or 9.1 percent decrease compared to the same month one year ago. This change was due to a decrease in finished imports of 1,139,872 tons or 37.9 percent. A 251,180 ton or 3.2 percent increase in domestic shipments lessened the overall decline in apparent steel supply. Exports were flat, up just 2,717 tons or 0.3 percent.
