AIIS: U.S. Steel Exports Up in August as Flat International Markets Continue
“The increase in August was due to a jump in shipments to the Dominican Republic, which imports large tonnages of semi-finished steel products from the U.S. Other markets continued on the flat trajectory that has pervaded international markets during 2013. Slight decreases were posted for the largest market, NAFTA, down 1%, while a small tonnage decrease was posted for the small export markets in Asia. A small tonnage increase was posted for the EU,” commented David Phelps, president, AIIS.
Total steel exports were down 8.6% for the first 8 months of 2013 compared to the same period in 2012.
“August exports returned to the trend of lower tonnage exports compared to the same month prior year as has been experienced in 2013 compared to 2012 — after a slight increase in the month to month comparison in July 2013 compared to July 2012. After setting a new record level of steel exports in 2012, international steel markets remain weaker in 2013 and export levels, as reflected in US steel export data. Unfortunately little suggests that the international economy or steel market show signs of a turn-around to more robust levels at this time,” concluded Phelps.
Total steel exports in August 2013 were 1.147 million tons compared to 1.087 million tons in July 2013, a 5.5% increase, and a 2.1% decrease compared to August 2012. According to year-to-date figures, exports decreased 8.6% compared to 2012 or from 9.534 million tons in 2012 to 8.717 million tons in 2013.
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