Prices
January 14, 2018
Apparent Steel Supply Up 7.1 Percent YOY in November
Written by Brett Linton
Apparent steel supply for the month of November totaled 8,723,547 net tons, according to the latest data from the U.S. Department of Commerce and the American Iron and Steel Institute. Apparent steel supply is calculated by adding domestic steel shipments and finished U.S. steel imports, then subtracting total U.S. steel exports.
November apparent steel supply saw a 578,789 ton or 7.1 percent increase compared to the same month one year ago. The majority of this change came from an increase in domestic shipments, increasing 695,669 tons or 10.3 percent. Finished imports also increased slightly, up 36,393 tons or 1.7 percent from 12 months prior. Total exports lessened the overall increase in apparent steel supply as they rose by 153,273 tons or 21.0 percent.
