Prices
July 12, 2020
Apparent Steel Supply Remains Muted in May
Written by Brett Linton
U.S apparent steel supply rose slightly in May to 6.61 million net tons, according to recent U.S. Department of Commerce and American Iron and Steel Institute data. This is the second lowest supply level in our limited 10-year history, just behind the April 2020 figure of 6.54 million tons. Apparent steel supply, a proxy for demand, is determined by combining domestic steel shipments and finished U.S. steel imports, then deducting total U.S. steel exports.
