Apparent Steel Supply Down 1 Million Tons in February to 8.4 Million

US apparent steel supply levels slipped 11% from January to February, down 997,000 net tons to 8.37 million tons, according to the latest US Department of Commerce and American Iron and Steel Institute (AISI) data. Recall that just last September, the market saw the highest monthly supply level in over six years (9.92 million tons). Supply has declined each month since then, with the February figure being the lowest seen in the past year.

Apparent steel supply, a proxy for demand, is determined by combining domestic steel mill shipments and finished US steel imports, then deducting total US steel exports.

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.