June Apparent Steel Supply Down 6.3% YOY, Up 3.4% Over May

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 June 2015 was 9,373,498 net tons. Apparent steel supply is calculated by adding domestic steel shipments and finished US steel imports and subtracting total US steel exports.

June supply represents a 627,382 ton or 6.3 percent decrease compared to the same month one year ago when apparent steel supply was 10,000,880 tons. This is attributed to a 533,736 ton or 6.4 percent drop in domestic shipments, a decline in finished imports of 248,260 tons or 9.0 percent, and a decrease in total exports of 154,614 tons or 14.9 percent. The net trade balance between imports and exports was a surplus of 2,215,261 tons in June 2015, 356,240 tons less than that of June 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.