Steel Products Prices North America
September 22, 2020
Apparent Steel Supply Steady in July
Written by Brett Linton
U.S apparent steel supply remained flat from June to July, up 0.8 percent to 6.98 million net tons, according to the latest U.S. Department of Commerce and American Iron and Steel Institute data. While June and July supply levels have both shown improvement, recall that April and May were the two lowest levels seen in the last 10 years at 6.54 million tons and 6.61 million tons, respectively. Apparent steel supply, a proxy for demand, is determined by combining domestic steel shipments and finished U.S. steel imports, then deducting total U.S. steel exports.
