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    Tag: Apparent Steel Supply

    Apparent steel supply remains historically high despite September dip

    The volume of finished steel that entered the US market eased 1% from August to September and held near a historically strong rate, according to SMU’s analysis of recently released 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 be used as a proxy for domestic steel demand. Supply totaled 9.11 million short tons (st) in September, the fourth-highest rate recorded in the past four years. Supply has remained historically strong since May, when it surpassed the 9 million st mark for the first time in four years

    Apparent steel supply remains historically strong through August

    The volume of finished steel that entered the US market increased 1% from July to August to the second-highest monthly level recorded in the past four years, according to SMU’s analysis of recently released Department of Commerce and American Iron and Steel Institute data. Apparent steel supply is calculated by combining domestic mill shipments and finished US steel imports, then subtracting total US exports. It can be used as a proxy for domestic steel demand. Supply has remained historically strong since May, when it surpassed the 9 million st mark it had previously been beneath for four years.