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    Apparent steel supply slipped in February

    Written by Brett Linton


    The volume of finished steel that entered the US market declined 3% from January to February, according to SMU’s analysis of recently released Department of Commerce and American Iron and Steel Institute (AISI) data. February represents the third-lowest monthly supply rate recorded in the past two years and is just 5% above the near-five-year low set last November.

    Dubbed apparent steel supply, this measure is calculated by combining domestic mill shipments and finished US steel imports, then subtracting total US exports.

    Brett Linton

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