North America Steel: Apparent Consumption Dashboard: July Data

Key takeaways from the July update include: 1) total steel apparent consumption fell 1% Y/Y or -56Kt (-5% M/M), driven primarily by weaker imports (-9% Y/Y; -150Kt) more than offsetting stronger shipments (+1% Y/Y; +104Kt); 2) sheet apparent consumption grew 2% Y/Y or +106Kt (-9% M/M), with stronger shipments (+6% Y/Y; +251Kt) and weaker exports (-6% Y/Y, -20Kt) more than offsetting weaker imports (-34% Y/Y; -165Kt); 3) plate apparent consumption eased 7% Y/Y or -43Kt (-11% M/M) on weaker imports (-27% Y/Y; -34Kt) and stronger exports (+7% Y/Y; +8Kt); 4) rebar apparent consumption grew 9% Y/Y or +77Kt (+3% M/M), primarily driven by stronger imports (+85% Y/Y; +57Kt) and shipments (+2% Y/Y; +15Kt); and 5) structural apparent consumption rose 3% Y/Y or +24Kt (+9% M/M), driven by imports (+89% Y/Y; +77Kt) partially offset by lower shipments (-8% Y/Y;