Steel Products Prices North America
April 7, 2019
January Apparent Steel Supply Nears 10 Million Tons
Written by Brett Linton
January apparent steel supply was calculated at 9,902,993 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. This is the highest level seen since March 2018 when apparent supply was 9,935,479 tons.
January apparent steel supply saw a 744,143 ton or 8.1 percent increase compared to the same month one year ago. This change was primarily due to an increase in domestic shipments of 443,436 tons or 5.8 percent, followed by a decrease in total exports of 194,617 tons or 23.4 percent and an increase in finished imports of 106,090 tons or 4.5 percent.
