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
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