May Apparent Steel Supply Down 12.1% Over Last Year

According to the latest data released from the US Department of Commerce and the American Iron and Steel Institute, apparent steel supply for the month of May 2015 was 9,069,541 net tons. Apparent steel supply is calculated by adding domestic steel shipments and finished US steel imports and subtracting total US steel exports.

May supply represents a 1,252,207 ton or 12.1 percent decrease compared to the same month one year ago. This is attributed to a 1,223,765 ton or 14.6 percent drop in domestic shipments, a decline in finished imports of 193,951 tons or 6.6 percent , and a decrease in total exports of 165,510 tons or 16.0 percent. The net trade balance between imports and exports was a surplus of 2,528,148 tons in May 2015, 469,595 tons less than that of May 2014.

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.