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    Analysis

    August 9, 2024

    US apparent steel supply retreats in June

    Written by Brett Linton

    After nearing a two-year high in May, the volume of finished steel entering the US market (referred to as ‘apparent steel supply’) receded in June, according to SMU’s latest analysis of data from the Department of Commerce and the American Iron and Steel Institute (AISI).

    Following a strong three months, apparent supply shrunk 9% from May to 8.11 million short tons (st) to June. This 784,000-st reduction is one of the largest monthly declines in over two years. Before June, supply had grown in May to reach the highest level recorded since August 2022. We calculate apparent supply by combining domestic steel mill shipments and finished US steel imports, then deduct 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.

    Read more from Brett Linton

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