Prices
May 16, 2019
March Apparent Steel Supply at 9.6 Million Tons
Written by Brett Linton
March apparent steel supply was calculated at 9,601,722 net tons, according to data released late last week. Apparent steel supply is determined by adding domestic steel shipments and finished U.S. steel imports, then subtracting total U.S. steel exports.
March apparent steel supply saw a 333,756 ton or 3.4 percent decrease compared to the same month one year ago. This change was primarily due to a decrease in finished imports of 642,125 tons or 25.6 percent. A decrease in exports of 279,797 tons or 32.2 percent and a rise in domestic shipments of 28,572 tons or 0.3 percent lessened the overall year-over-year decrease in apparent steel supply.
