Apparent steel supply shrinks to 45-month low in November

The amount of finished steel that entered the US market fell to a multi-month low in November, according to our analysis of Department of Commerce and the American Iron and Steel Institute (AISI) data. Referred to as ‘apparent steel supply’, we calculate this volume by combining domestic steel mill shipments with finished US steel imports and deducting total US steel exports.

Total apparent supply for November was 7.65 million short tons (st), a 6% decline from the prior month. This marks the smallest monthly supply rate recorded since February 2021.

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.