August 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 August 2016 was 9,115,482 net tons and the percentage of imports was 26.2 percent of the market. Apparent steel supply is calculated by adding domestic steel shipments and finished US steel imports, then subtracting total US steel exports.

August apparent steel supply represents a 21,254 ton or 0.2 percent decrease compared to the same month one year ago when apparent steel supply was 9,136,737 tons. Although this is a relatively flat comparison between the two months, domestic shipments were up 72,485 tons or 1.0 percent, finished imports declined 4.3 percent or 108,199 tons, and exports declined 1.7 percent or 14,460 tons.

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.