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    October 14, 2018

    August Apparent Steel Supply Nears 10 Million Tons

    Written by Brett Linton

    Apparent steel supply remained high in August, coming in at 9,828,339 net tons, according to government data released late last week. This is the third highest level of the year, just a hair under the April figure (9,829,298 tons), and both being about 100,000 tons under the March high (9,935,479 tons). Apparent steel supply is calculated by adding domestic steel shipments and finished U.S. steel imports, then subtracting total U.S. steel exports.

    August apparent steel supply saw a 352,813 ton or 3.7 percent increase compared to the same month one year ago. This change was due to a mix of factors: an increase in domestic shipments of 512,802 tons or 6.5 percent, somewhat counteracted by a 430,814 ton or 17.5 percent decrease in finished imports and a decrease in total exports of 270,824 tons or 29.5 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.

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