U.S. steel exports increased 14.2 percent in January from December and were up 11.2 percent year-to-year, led by shipments to Canada, Mexico and other Western Hemisphere nations.
“While one month does not make a trend, this is a good start to the year for U.S. trading companies, domestic mills and our partners moving steel to and in international markets,” said David Phelps, president of the American Institute for International Steel.
Steel export news from JOC:
US Steel Exports Grew 29.3 Percent in 2010
Phelps said January shipments totaled 1,059,000 tons and were up across the board from a year earlier. “In January 2011 compared to January 2010, exports increased to every world market – NAFTA and other Western Hemisphere, Asia, EU and Africa,” he said.
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