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U.S. Steel Exports Sag in June
08/08/2013 - Steel exports declined in June compared to May by 8.5% according to government data analyzed by the American Institute for International Steel (AIIS).
“Exports declined in every major steel export market in June, with over 86,000 tons of the decline of over 98,000 ton total represented by lower exports to NAFTA and other Western Hemisphere markets. The declines reflect weakened conditions in these markets — especially in NAFTA at the time orders were taken. Exports to other smaller export markets likewise declined in June,” said Phelps, president of AIIS.
For the first half of 2013 compared to 2012, steel exports declined by 10.9%, including a 9.1% decline in June 2013 compared to June 2012. “The reduction in exports for the first half of 2013 shows the weakened conditions in many steel markets, as all markets posted declines for the first half. With stronger market conditions at this time in the NAFTA region, NAFTA exports could show some improvement in coming months provided that the current conditions show some "staying power," concluded Phelps.
Total steel exports in June 2013 were 1.064 million tons compared to 1.163 million tons in May 2013, an 8.5% decrease, and a 9.1% decrease compared to June 2012. According to year-to-date figures, exports decreased 10.9% compared to 2012 or from 7.277 million tons in 2012 to 6.482 million tons in 2013.
The American Institute for International Steel is the only steel related association which supports free trade. The Institute accomplishes our mission through advocacy, networking, communications and education.
