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    October 13, 2022

    August Apparent Steel Supply: Lowest Level Since February

    Written by Brett Linton

    US apparent steel supply declined 3% in August to 8.98 million net tons, according to the latest US Department of Commerce and American Iron and Steel Institute data. This is the lowest figure since February 2022 and the second lowest figure in the past 16 months. August supply levels are 4% below the average monthly rate of 9.34 million tons over the last year. Recall that supply reached a six-year high last September at 9.92 million tons and then declined each month through February.

    Apparent steel supply 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.

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