Steel exports increased in September compared to August by 2 percent. ‘While exports decreased to the US’s largest export market, NAFTA, by 4 percent, that decreased was more than offset by increased exports to Asia and other Western Hemisphere markets during the month. The AIIS views this export activity beyond the traditional Nafta markets as distinctly positive news for our domestic mill industry and the jobs it provides for American workers. For the month, increases were registered in HR, CR, coiled plate products and structural, while CTL plate and galvanized sheets declined,’ said David Phelps, president, AIIS.
Exports increased by 8.9 percent in the nine months of 2011 compared to the same period of 2010. ‘For the nine months of 2011, US exports of steel continue to reflect the improved market conditions over 2010 around the world, notwithstanding the pause experienced in the NAFTA region in late summer. Exports remain a positive for domestic steel producers, trading companies and all involved in the logistics supply chain in the slow growth environment in the US,’ concluded Phelps.
Total Steel exports in September 2011 were 1.213 million tons compared to 1.189 million tons in August 2011, a 2% increase, and a 22.7% increase compared to September 2010. According to year-to-date figures, exports increased 8.9% compared to 2010 or from 9.064 million tons in 2010 to 9.872 million tons in 2011.