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US steel exports plunged in November 2012

January 17, 2013 - 21:33 GMT Location: New York

KEYWORDS: US Commerce Department , Import Administration , steel exports , semi-finished , hot dipped galvanized , rail , OCTG

US steel exports fell to their lowest level in more than a year in November 2012, due to major decreases in semi-finished material.

Steel exports totaled 905,404 tonnes for the month, down 15.8% from 1.08 million tonnes in October, according to data from the US Commerce Department’s Import Administration.

That was also lower than the 1.12 million tonnes reported in the same month in 2011.

Exports of semi-finished material plunged 94.4% to 2,371 tonnes after reaching 42,563 tonnes in October, largely due to declines in shipments to Oman, Italy and the Dominican Republic.

Other major decreases were seen in heavy structural shapes, down 9.4% to 93,018 tonnes; and hot-dipped galvanized sheet and strip, down 9.7% to 92,316 tonnes following a decline in shipments to Mexico.

Exports of standard rail products dropped to 6,368 tonnes, down 84.5% from 41,144 tonnes in October.

Monthly increases were logged in line pipe, up 15.5% to 45,915 tonnes; and oil country tubular goods (OCTG), up 5.2% to 28,911 tonnes.

This report was first published by American Metal Market

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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