Prices
October 15, 2019
Apparent Steel Supply Rises in August
Written by Brett Linton
August apparent steel supply rose to 9,625,558 net tons, the highest level seen since April of this year, according to data from the American Iron and Steel Institute and U.S. Department of Commerce. Apparent steel supply, a proxy for demand, is determined by adding domestic steel shipments and finished U.S. steel imports, then subtracting total U.S. steel exports.
August apparent steel supply saw a 202,781 ton decrease (2.1 percent) compared to the same month one year ago. This change was primarily due to a decrease in finished imports, as domestic shipments and exports changed less than 1 percent.
