Steel exports from USA declined in July compared to June by 7.4% according to government reporting.
Steel exports for the first seven months of 2012 increased by 11.9% compared to the same period in 2011 and remain at a record pace for the year.
“Steel exports for the year continue to run ahead of 2011 due to a strong first half of the year. Demand in the NAFTA region remains well above 2011 level and with a very strong increase in exports so far this year to Mexico and Canada’s economy showing more stable growth, some optimism remains for our NAFTA partners, but concerns continue about slowing demand in Asia and other markets going forward,” concluded David Phelps, president, AIIS.
Total Steel exports in July 2012 were 1.084m stons compared to 1.171Ms tons in June 2012, a 7.4% decrease, but a 2.1% increase compared to July 2011. According to year-to-date figures, exports increased 11.9% compared to 2011 or from 7.470M stons in 2011 to 8.362M stons in 2012.
“A softening steel market at mid-year in the NAFTA region, in addition to declines in smaller markets for US-made steel in Asia and the rest of the Western Hemisphere lowered demand for US steel exports overall. Steel exports to the EU increased in the month,” said Phelps.