US apparent steel supply rose 2% in December to 8.2 million net tons compared to the previous month, according to data from the US Department of Commerce and the American Iron and Steel Institute (AISI).
Apparent steel supply is determined by combining domestic steel mill shipments and finished US steel imports, then deducting total US steel exports.
December apparent supply total was 1.3 million tons lower than the same month one year prior when supply stood at 9.5 million tons. Figure 2 shows December trade statistics year over year (YOY) for each of the past three years.
Apparent steel supply dipped to 8 million tons in November, down from 8.5 million tons in October. Figure 3 shows monthly statistics over the last three months.
Figure 4 shows year-to-date (YTD) monthly averages for each statistic over the last five years. The average monthly apparent supply level for 2022 was 8.17 million tons.
To see an interactive graphic of our Apparent Steel Supply history, visit the Apparent Steel Supply page in the Analysis section of the SMU website. If you need any assistance logging into or navigating the website, contact us at info@SteelMarketUpdate.com.
By Becca Moczygemba, firstname.lastname@example.org
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