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U.S. Steel Exports Increase in October
12/26/2012 - Steel exports increased in October compared to September 2012 by 12.1%, according to government reporting analyzed by the American Institute for International Steel.
Steel exports increased in October compared to September 2012 by 12.1%, according to government reporting analyzed by the American Institute for International Steel (AIIS).
“Exports to both NAFTA and the smaller steel export markets in Asia and the EU increased on a month-to-month basis offsetting declines in other markets. The increase in exports – notwithstanding concerns about economic conditions in many international markets -- is gratifying. Domestic mills continue to show their international competitiveness and perhaps benefit from currency exchange rate dynamics and capacity utilization efficiencies,” said David Phelps, president of AIIS.
Steel exports increased in the year-to-date period by 6.8% compared to 2011. “The reversal of the downward trend experienced in recent months for steel exports has solidified 2012 as on track to set a new steel export record for the year,” concluded Phelps.
Total steel exports in October 2012 were 1.186 million tons compared to 1.058 million tons in September 2012, a 12.1% increase, and a 3% increase compared to October 2011. According to year-to-date figures, exports increased 6.8% compared to 2011 or from 11.023 million tons in 2011 to 11.778 million tons in 2012.
The American Institute for International Steel is the only steel related association which supports free trade. The Institute accomplishes its mission through advocacy, networking, communications and education.
