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    August 11, 2016

    June Apparent Steel Supply Rises to 10 Month High

    Written by Brett Linton

    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 June 2016 was 9,098,316 net tons. Apparent steel supply is calculated by adding domestic steel shipments and finished US steel imports, then subtracting total US steel exports.

    June apparent steel supply represents a 275,182 ton or 2.9 percent decrease compared to the same month one year ago when apparent steel supply was 9,373,498 tons. This is primarily due to a 129,134 ton or 1.7 percent decrease in domestic shipments and a 220,028 ton or 8.8 percent decline in finished U.S. steel imports, with a decrease in total U.S. steel exports of 73,979 tons or 8.4 percent slightly negating the change.

    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.

    Read more from Brett Linton

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