Nov. 13, 2013
AIIS: U.S. Steel Exports Down 8.6% for the Year
Steel exports increased in August compared to July by 5.5 percent, according to the latest data from the Census Bureau and the American Institute for International Steel, Falls Church, Va. Exports were down 2.1 percent compared to the same month in 2012.
"The increase in August was due to a jump in shipments to the Dominican Republic, which imports large tonnages of semifinished steel products from the U.S.," says David Phelps, president of AIIS, the trade group representing foreign steel mills. "Other markets continued on the flat trajectory that has pervaded international markets during 2013."
Slight decreases were posted for the largest market, NAFTA, and Asia. A small increase was reported for exports to the EU.
For the first eight months of the year, total steel exports were down 8.6 percent. "After setting a new record level of steel exports in 2012, international steel markets remain weaker in 2013. Unfortunately, little suggests that the international economy or steel market show signs of a turnaround at this time," says Phelps.