July Apparent Steel Supply Steady at 9.1 Million Tons

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 July 2016 was 9,095,385 net tons. Apparent steel supply is calculated by adding domestic steel shipments and finished US steel imports, then subtracting total US steel exports.

July apparent steel supply represents a 314,036 ton or 3.3 percent decrease compared to the same month one year ago when apparent steel supply was 9,409,421 tons. This is due to a 239,199 ton or 3.2 percent decrease in domestic shipments, a 149,793 ton or 5.7 percent decline in finished U.S. steel imports, and a decrease in total U.S. steel exports of 74,956 tons or 9.2 percent.

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.