Economy
March 16, 2020
Long Products Shipments and Supply Through January
Written by Peter Wright
Demand for long products declined by 3.5 percent in the three months through January, but rebar was up by 9.6 percent.
This analysis is based on steel mill shipment data from the American Iron and Steel Institute (AISI) and import-export data from the U.S. Department of Commerce (DoC). It summarizes total steel supply by product from 2008 through January 2019 and year-on-year changes. The supply data is a proxy for market demand, which does not take into consideration inventory changes in the supply chain. Our analysis compares domestic mill shipments with total supply to the market. It quantifies market direction by product and enables a side-by-side comparison of the degree to which imports have absorbed demand.
