July Apparent Steel Supply at 9.4 Million Tons

July apparent steel supply was calculated at 9,351,701 net tons, according to data recently released by the American Iron and Steel Institute and U.S. Department of Commerce. Apparent steel supply, a proxy for demand, is determined by adding domestic steel shipments and finished U.S. steel imports, then subtracting total U.S. steel exports.

July apparent steel supply saw a 99,929 ton or 1.1 percent decrease compared to the same month one year ago. This change was primarily due to a decrease in finished imports of 339,143 tons or 15.4 percent. An increase in domestic shipments of 203,875 tons or 2.6 percent and a decline in exports of 35,339 tons or 5.4 percent lessened the overall year-over-year decrease 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.