Prices
January 9, 2015
November Apparent Steel Supply Spikes 12.2% Over Last Year
Written by Brett Linton
Apparent steel supply for the month of November 2014 is 9,637,349 net tons. Apparent steel supply is calculated by adding domestic steel shipments and finished US steel imports and subtracting total US steel exports.
November supply represents a 1,044,666 ton or 12.2 percent increase compared to the same month one year ago. This is primarily due to the massive spike in 2014 imports, with total November imports up 42.5 percent or 1,101,600 tons over November 2013 tonnage. Domestic shipments, finished imports, and total exports also increased over levels one year prior, up 0.4, 53.2, and 1.6 percent respectively. The net trade balance between imports and exports was a surplus of 2,740,322 tons in November, an increase of 65.7 percent from the same month last year.
