Long Products

July 20, 2026
Apparent steel supply at multi-year high in May
Written by Brett Linton
The volume of finished steel entering the US market increased 8% from April to May to the highest monthly rate recorded in years, according to SMU’s analysis of recent US Department of Commerce and American Iron and Steel Institute (AISI) data.
Referred to as “apparent steel supply,” this measure is calculated by combining domestic mill shipments and finished US steel imports, then subtracting total US exports. It can also be used as a proxy for domestic steel demand.

