Steel Products Prices North America
December 12, 2019
October Apparent Steel Supply Steady at 8.7 Million Tons
Written by Brett Linton
October apparent steel supply remained steady at 8.7 million net tons, according to data from the American Iron and Steel Institute and U.S. Department of Commerce. October supply is the second lowest level seen in the last 23 months, with the lowest occuring the month prior. Apparent steel supply, a proxy for demand, is determined by adding domestic steel shipments and finished U.S. steel imports, then subtracting total U.S. steel exports.
October apparent steel supply saw an 855,000 ton decrease (8.9 percent) compared to the same month one year ago. This change was primarily due to a 516,000 ton decrease in finished imports and a 260,000 ton decrease in domestic shipments.
