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    Apparent Steel Supply Rebounds 14% in March

    Written by Brett Linton


    US apparent steel supply rebounded from February to March, rising 14% to 9.51 million tons, according to the latest US Department of Commerce and American Iron and Steel Institute (AISI) data. Recall that supply reached a six-year high last September at 9.92 million tons, declining each month thereafter and reaching an 11-month low in February (8.37 million tons).  

    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

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