Prices
May 14, 2018
March Apparent Steel Supply at 3+ Year High
Written by Brett Linton
March apparent steel supply rose 13.2 percent over February to 9,935,479 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.
This is the highest apparent steel supply level since January 2015 when it was 10,422,485 tons. At that time, domestic shipments were at 7,762,742 tons, finished imports were at 3,585,171 tons, and exports were at 925,428 tons.
