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    Apparent Steel Supply Flat in January at 9.4 Million Tons

    Written by Brett Linton


    U.S. apparent steel supply levels slipped 1% from December to January, down 120,000 net tons to 9.36 million tons, according to the latest U.S. Department of Commerce and American Iron and Steel Institute data. Recall that just last September, the market saw the highest monthly supply level in over six years (9.92 million tons).

    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.

    Brett Linton

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