Steel Products Prices North America

Apparent Steel Supply Rises in March

Written by Brett Linton

May 10, 2014

Apparent steel supply for March was 9,753,954 net tons, a 9.6 percent increase compared to the same month one year ago. This is due to an increase in domestic shipments and finished imports and a slight decrease in total US exports. The net trade balance between imports and exports was a surplus of 2,194,246 net tons in March, an increase of 49.2 percent from the same month last year. Finished imports took another 1.87 percent of domestic market share and for the month of March imported steel had 25.18 percent of the total market.

When compared to last month when apparent steel supply was at 9,002,702 NT, March supply increased by 751,252 NT or 8.3 percent. This is due to an increase in domestic shipments, finished imports, and total exports.

On a year to date basis, the 2014 YTD averages are very close to what we saw during in the previous two years, if not slightly higher for certain data points, and significantly higher than 2011 averages.

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{amchart id=”120″ Apparent Steel Supply- Domestic Shipments, Semi-Fin Imports, Exports}

Brett Linton

Brett Linton is a senior analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

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