Shipments and Supply of Steel Products Rise in January

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Mill shipments of steel products rose 6.9% month on month in January, while apparent supply was up by nearly 13.5% during the same period. Despite the continued growth month over month since reaching bottom back in May 2020, mill shipments and supply were still far behind year-ago levels. Mill shipments were down by 12.0% year on year, while supply trailed January 2020 totals by more than 20.0%. This reality supports the ongoing struggle with lead times, critically tight supply levels, and soaring steel prices.

David Schollaert

David Schollaert is a senior analyst for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. Based in CRU’s Pittsburgh office, David can be reached at david@steelmarketupdate.com or 724-720-1008.