May Apparent Steel Supply Up 3.7% Over April, Down 1.2% YOY

According to the latest data released from the U.S. Department of Commerce and the American Iron and Steel Institute, apparent steel supply for the month of May 2016 was 8,957,525 net tons. Apparent steel supply is calculated by adding domestic steel shipments and finished US steel imports, then subtracting total US steel exports.

May apparent steel supply represents a 112,016 ton or 1.2 percent decrease compared to the same month one year ago when apparent steel supply was 9,069,541 tons. Although a relatively small change, there was a 486,768 ton or 6.8 percent increase in domestic shipments, a 665,418 ton or 24.1 percent decline in finished U.S. steel imports, and a decrease in total U.S. steel exports of 66,635 tons or 7.7 percent compared to 12 months prior.

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.