January Apparent Steel Supply Up 11% Over Last Year

Apparent steel supply for the month of January 2015 was 10,378,392 net tons (9,415,130 metric tons). Apparent steel supply is calculated by adding domestic steel shipments and finished US steel imports and subtracting total US steel exports.

January supply represents a 992,133 ton or 10.6 percent increase compared to the same month one year ago. This is primarily due to the massive spike in imports over the last few months, with total January imports up 37.1 percent or 1,188,252 tons over January 2014 tonnage. Finished imports increased by 44.3 percent of 1,087,052 tons year over year, while domestic shipments and total exports decreased 1.7 and 3.9 percent respectively. The net trade balance between imports and exports was a surplus of 3,468,070 tons in January, an increase of 54.7 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.