Prices
June 15, 2021
April Apparent Steel Supply Remains Strong at 8.77 Million Tons
Written by Brett Linton
April apparent steel supply declined 189,000 tons from March’s high to 8.77 million net tons, according to the latest U.S. Department of Commerce and American Iron and Steel Institute data. This is the second highest suppy level seen since January 2020, just behind the March 2021 high. April supply is up 2.24 million tons compared to the same month in 2020 (recall that April and May of 2020 were the two lowest levels seen in the last 10 years).
Apparent steel supply, a proxy for demand, is determined by combining domestic steel mill shipments and finished U.S. steel imports, then deducting total U.S. steel exports.

