Apparent steel supply at four-year high in June

The volume of finished steel entering the US market rose 3% in June from May to the highest monthly level recorded since May 2022, 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.

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.

Brett Linton

Latest in Analysis

SMU Price Ranges: HR inches toward $1,300/t as spot squeeze continues

Coming soon: SMU Daily Digest newsletters

Scrap prices poised for October increase, or later?

SMU Survey: Tight US flat-rolled market boosts buyer interest in foreign steel

AISI: US production retreats after early September surge