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Demand for sheet products is increasingly driven by hot rolled coil. Imports are taking a greater share of the sheet market, reaching 21.2 percent in June.
Apparent supply is a proxy for market demand, and the apparent supply of hot rolled coil has been growing strongly this year. Imports continue to be an increasing factor in the sheet markets. There is a major difference in import market share for the four major sheet products with HRC at 11.7 percent and OMC (other metallic coated) at 54.0 percent.
This report summarizes total steel supply from 2003 through June 2017 and year-on-year changes. It then compares domestic mill shipments with total supply to the market. It quantifies market direction by product and enables a side-by-side comparison of the degree to which imports have absorbed demand. Sources are the American Iron and Steel Institute and the Department of Commerce with analysis by SMU.
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