Apparent steel supply bounced back in March

The volume of finished steel entering the US market rebounded in March, according to our analysis of US Department of Commerce and American Iron and Steel Institute (AISI) data. Referred to as apparent steel supply, we calculate this monthly figure by adding domestic steel mill shipments to finished US steel imports and subtracting total US steel exports.

Apparent supply increased 11% month over month (m/m) in March to 8.87 million short tons (st), almost entirely reversing February’s dip. March supply is just 1% below the multi-year high recorded in January and 4% above March 2024 levels.

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.