Steel Products Prices North America
February 12, 2019
November Apparent Steel Supply Remains Above 9 Million Tons
Written by Brett Linton
November apparent steel supply was calculated at 9,140,649 net tons, according to data released late last week. Apparent steel supply is determined by adding domestic steel shipments and finished U.S. steel imports, then subtracting total U.S. steel exports.
November apparent steel supply saw a 417,102 ton or 4.8 percent increase compared to the same month one year ago. This change was primarily due to an increase in domestic shipments of 412,146 tons or 5.6 percent. A decrease in finished imports of 261,890 tons or 12.0 percent was neutralized by a decrease in total exports of 266,846 tons or 30.2 percent.
