U.S. steel exports posted a month-to-month increase of 2.2 percent in November despite a decline in shipments to the largest U.S. export markets, Canada and Mexico.
Through November, steel exports were up 32.6 percent from 2009 levels primarily because of increased shipments to Canada, Mexico and Western Hemisphere nations and the European Union.
Steel news from JOC:
Seaway Tonnage Grew 15.5 Percent in 2010.
“We expect these markets to continue to offer good opportunities in 2011,” said David Phelps, president of the American Institute for International Steel. He noted exports to Asia, notwithstanding strong growth in many countries, are down 3.1 percent, largely due to declines in exports to China.
Total steel exports in November 2010 were 1,017,000 tons, up 8.7 percent from November 2009. Through November, steel exports totaled 11.1 million tons, up from 8.4 million in the first 11 months of 2009.
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