January Apparent Steel Supply at 9.2 Million tons

Apparent steel supply for the month of January 2018 rose month-over-month but fell year-over-year to 9,158,850 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.

Compared to December, when apparent steel supply was 8,501,642 tons, January supply rose by 657,209 tons or 7.7 percent. This was due to an increase in finished imports and domestic shipments, up 22.2 percent and 4.2 percent, respectively. Total exports rose 79,206 tons or 10.5 percent, slightly negating the overall increase in apparent steel supply.

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.