October Apparent Steel Supply Down 19.0% YTD, Up 3.8% Over September

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 October 2015 was 8,868,427 net tons. Apparent steel supply is calculated by adding domestic steel shipments and finished US steel imports and subtracting total US steel exports.

October supply represents a 2,086,405 ton or 19.0 percent decrease compared to the same month one year ago when apparent steel supply was 10,954,832 tons (a record high in our 2008+ data history). This is attributed to a 1,139,005 ton or 13.4 percent decrease in domestic shipments and a decline in finished imports of 1,172,413 tons or 33.9 percent. A decrease in total exports of 225,012 tons or 22.3 percent slightly negated change. The net trade balance between imports and exports was a surplus of 2,255,626 tons in October 2015, 1,175,556 tons less than that of October 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.