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    September 9, 2014

    Apparent Steel Supply Surges in July

    Written by Brett Linton

    Apparent steel supply for July was 10,588,648 net tons, the highest figure Steel Market Update has in its recorded history back to January 2010. Steel Market Update calculates apparent steel supply by adding domestic shipments and finished US imports and subtracting total US exports.

    July supply represents a 1,383,999 ton or 15.0 percent increase compared to the same month one year ago. This is primarily due to the massive spike in 2014 imports, with total July imports up 53.1 percent or 1,338,187 tons over July 2013 tonnage. Domestic shipments and finished imports also increased over levels one year prior, while exports decreased. The net trade balance between imports and exports was a surplus of 2,851,969 tons in July, an increase of 99.0 percent from the same month last year.

    Brett Linton

    Brett Linton is a digital operations 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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